That's not counting any unexpected large expenditures.

Evaluate your deductible amount carefully and have that amount set aside with your capital expenditure.

In addition, you need to account for other things such as vacancy, maintenance, and capital expenditures (like a new roof or heating system).

If you have a full time job, a mail campaign can get you up and going a lot faster than driving around because you can get in touch with a lot more people with a lot less expenditure of time.Good luck

However, that could impact your returns because you’re raising more capital than the deal actually needs, and may dilute your investors.One creative way that I discovered to make the deal work is to use some of your capital expenditure (CapEx) budget to pay the debt, assuming you don’t have an immediate need of 100% of the budget.

.), how much capital expenditure would you include compared to normal?

Luke, and remember that capital expenditures do not get factored into expenses.  

Lastly, be aware of potential future capital expenditures such as roofs, sidings, etc.

Include managerial costs in the initial purchase to make sure that rent in your area covers the mortgage principal and interest, as well as taxes, insurance, repairs and maintenance, capital expenditures, property management, and other costs. 

Then just keep closing and moving on to the next deal reinvesting profits instead of blowing the money on non-productive expenditures.