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

That would include the decision to go ahead and replace windows and sliders in 4 of the units which I would want to show in the capital expenditures for the year.

Any drawings and maps of the infrastructure and size of lot8.Any Contracts that will be transferred to buyer at closing 9.Signed Rules and Leases for each resident10.2 years Tax Returns11.2 years Profit and Loss12.List of Capital Expenditures for the last 3 years13.Listing of any current problems (water, sewer, gas, electric)14.

In addition to accumulating deferred capital expenditures you also have the issue of depreciation recapture so that you could end up with a taxable gain on sale of a thoroughly deteriorated property. 

The proper method of calculating cash flow is all expenses, to include setting aside reserves for maintenance, capital expenditures, vacancy, etc.

I would be informed if there was turnover and would be asked to approve expenditures over 300 dollars as I recall; but nothing else.It is the PM's job and his/her mistake, and you should not have been drawn in; luckily it is only 65 bucks!

A couple highlights:MFHs can usually render better more cash flow since they typically cost less per unit compared to a SFH.MFHs can save you on capital expenditures since the roof, foundation, and other components are often shared.However, MFHs tend to see a higher turnover, I remember always feeling unsettled staying in a multi-family, but some people live in them for years.MFHs are often hard to value since they vary greatly in type and location.

So I am looking at pulling some equity out of my rental house in texas and purchasing another rentalSo this property brings in $225/mo of cash flow on top of saving 15% ($279/mo) for vacancy, repairs and capital expenditures.

I'm more conservative in my approach but I'd say you at least need to have enough for the down payment, closing costs, etc. plus a healthy reserve so that you can cover a vacancy of a few months as well as the ability to cover the costs of any unexpected maintenance and/or capital expenditures.

I recommend adding an expense for capital expenditures in your estimates until you get a reserve set aside.The real questions are... how much money do you want to cashflow?