Income generating parking lots and structures located in Central Business Districts and entertainment areas have the ability to provide stable to provide stable returns with low capital expenditures. 

Therefore, my net gain after the sale, and paying off the existing mortgage, was $10,261.Summary of NumbersBelow is a summary of all the numbers.Total Invested of my Own Money = $0 (given I used a HELOC to fund this investment)Total Earned from Sale / Refi = $20,342.62Total Cash Flow = $1,047Total Earned = $21,389.42Why I SoldI currently have another investment opportunity I would like to capitalize on.In addition, given the age of the property (built in 1897), I could not see myself holding this rental another 30-50 years without significant capital expenditures, that were in excess of my original assumptions.Finally, I thought that this may be a better than average time to sell, given the current housing market.

The foundation needs some help as well and some other cap expenditures .

I approved expenditures over a certain dollar amount but otherwise gave the PM free reign. 

As a general rule of thumb, I want the ability to set aside about 50% of the rent income each month as a reserve for maintenance, capital expenditures, vacancy, taxes, and insurance. 

Ideally, we would love to sell the property as it has appreciated more than 125k since we bought it and it is 120 years old, so I am afraid major expenditures could be on the horizon.

Recently purchased a property that I am House Hacking and looking for advice on which credit card would be best to get to cover recurring utility expenses, maintenance expenses, and future capital expenditures in order to maximize rewards/cash back.

I would factor in a certain % each month for capital expenditures, such as a new hot water tank, furnace, etc. 

You should set aside approximately 10% for maintenance, 10% for vacancies, 10% for capital expenditures, and 10% for property management.

Again, I'm new here, so someone please correct me if I'm getting this wrong, but based on the popular 50% rule, half of your gross income from the property will ultimately go back into capital expenditures.