Many in my generation are fearful of home buying until they are making big bucks because they lack knowledge and confidence with regard to basic home maintenance!

I view the trade off as greater appeal to tenants/prospective renters with an increased likelihood of getting maintenance requests.Curious to get some takes on this, so lets hear it!?!

It is usually the vacancy rates or the maintenance rates or the leasing fees.  

I would go long...like 20 years long....then rents increase, it appreciates, and I read you own it free and clear minus any other later encumbrances; get all the maintenance info from owner down to paint codes..

These numbers may include CapEx, Vacancy, Utilities (if tenants are not paying them), and maintenance/ repairs. 

The complex uses a prop mgmt co for the grounds, maintenance & repairs.

My reasoning is pretty easy to follow- 1) Many of the rest of the world's central banks are lowering rates in fact some are going negative.  2) Inflation is currently a non-factor and is expected to be until 2018 given the continuing rout in commodity prices I don't see that turning around any time soon. 3) Labor participation rates are at long term lows.  

I am looking to build this portfolio however want to be able to tweak assumptions and assess capital needs as I go forward and based on certain assumptions (rent rate, interest rate, vacancy, turnover, maintenance, contingency, etc.).  

Review any tenant files from the previous owners, including rental applications and background checks.Schedule a maintenance inspection for each unit.

) $0.00 $0 General Vacancy Loss 10.0% $9,240 Expenses Monthly Annual Fixed Electricity $0.00 $0 Water $66.67 $800 Sewer $0.00 $0 Garbage $15.50 $186 HOA $0.00 $0 Insurance $415.00 $4,980 Taxes $448.83 $5,386 Other $20.78 $249 Variable Repairs and Maintenance 3.0% $2,772 Property Management Fees 20.0% $18,480 Other Capital Expenditures (Reserves % Gross Income) 3.0% $2,772 Market Assumptions Market Rent Growth (per annum) 2.0% Expense Inflation 2.0%