How many of the homes purchased by investors have deferred maintenance?

It needs approximately  $10,000 to get it rent ready.Rent is roughly $900 to $950.Insurance is $72/monthTaxes are $150/ monthWater/sewer is paid by me and is estimated at $70/month.I estimate repairs, cap ex, maintenance and vacancy to be 36% total.No mortgage.That puts me at around $250 to $300 a month cashflow.  

I suppose it would vary from property, but taxes, insurance, maintenance, repairs, etc...

They do that to factor in maintenance and repairs.

Whether the tenant uses the basement or not, you still have the same amount of maintenance since it is unfinished.  

My dad lives nearby though and is interested in real estate as well so he would be my boots on the ground.Here are their numbers:Rent: 14,250.00 monthTaxes: 15,300 yearInsurance: 6,800 yearManagement: 8%Maintenance: 13,000 yearUtilities: 3,600 year (they say tenant pays utilities so not sure what this is)Lawn: 900 yearPest Control: 600 yearLegal: 600 yearVacancy: 10%I also assumed 5% for Cap Ex… not sure if that is a good number?

We do not up-charge our maintenance for our clients, we do not feel that it should be a profit center due to a conflict of interest.

The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,639 Less: Vacancy ($5,749) Effective Gross Income $185,890 Less: Expenses ($91,497) Net Operating Income $94,393 Debt Service ($65,592) Net Cash Flow after Debt Service $28,801 Principal Reduction $17,403Total Return $46,204 ANNUALIZED EXPENSESActual MarketProperty Management Fee $9,582 Replacement Reserves $5,250 Building Insurance $6,712 Maintenance $12,560 Taxes - Real Estate $36,296 (37220 w/o exception)Utility - Electricity $2,453 Utility - Gas $12,369Utility - Water/Sewer $6,275 Total Expenses $91,497 Expenses Per RSF $8.39 Expenses Per Unit $4,357I did some additional digging and found that they offer Wi-Fi for the building (I talked to a rep and said providing service for a building that size should run 285 a month) and the trash was left off which runs about 285/month.

Operating expenses include utility, payroll, landscaping, pest control, taxes, insurance, repairs and maintenance to name a fewThese are expenses, different from capital expenditures such as fridges hot water heaters and flooring.  

The owner can leave money in a reserve account to be spent whenever repair/maintenance is needed.