To Dave's point, the repair figure looks a bit low for the items you described.

@Barima Opong-Owusu We usually run maintenance costs at 10% and in older buildings they're often higher so that expense item looks a little light.

You've missed insurance, capital items, and property management to name a few biggies.

I usually put about $30k into my flips, depending on if it needs any big ticket items like a septic system, heating system, etc.

Practice negotiating with people at garage sales and people who offer items for sale in their yards like cars, boats, etc.

Capital items get added to your basis, but you don't take depreciation for a residence.When you convert a residence into a rental, your basis is the lower of the basis or the fair market value when the conversion is done.

I would imagine because cold items are not a year round draw like a Starbucks and a Subway would be in that area serving hot foods and drinks as a selection.

Under paragraph 11, titled Maintenance, it says:“Tenant shall immediately notify Landlord, in writing, of any problem, malfunction or damage with any item on the property.

In my past dealings I always include an 8% line item for property management in addition to my 10% for vacancy and 10% for CapEx/Maintenance.

One Podio question for you - do you treat properties and sellers as separate items in Podio and just link them with a relationship?