Originally posted by Account Closed: Annual Budget: property tax: 1800 vacancy:800 insurance:1030 repairs & maint: 2400 utilities:3600 advertising:100 grounds keeping:600 misc:500 Annual Debt service:5756 I don't see any line items for CapEx, which would probably run you at least $1000/year over the long-term on a quad.

I would love to hear different items you have added to a generic lease template that you think are important. 

@Brie Schmidt One item to note, I sort of touched on in my earlier post where I mentioned the distribution and contribution on property but thought I should outline a bit more...Because you have financed properties (if I understood correctly) you want to be very careful about moving those under the corporation.

This would also include investing in broad low-fee items within an HSA-qualified health account (these also save on premiums as most folks over-buy health insurance out of ignorance of their options and realistic fees.  

Considering how high end and large your homes are I would personally leave unlimited supplies of all of these items. 

The idea is to set the tenant buyer up with a mortgage broker right away so that they can monitor their progress and help them clear up the negative items on their credit report.

He did great on the big surface items, but the detailed finishing was horrible.

He did great on the big surface items, but the detailed finishing was horrible.

Of course, this would all depend on if your DTI to qualify for your next purchase can tolerate maxing out your LTV.Side note on your next appraisal: when you have your property appraised, I always find that it helps to do some legwork prior to your appraisal and dig up very strong comps for them to use as well as itemize the list of improvements you've made to really sell the increase in value.

Penny.If you're an out-of-state investor, buying in Birmingham (or anywhere in the South for that matter), take note of these items and make sure you're aware of the costs to replace.