That said, with the limited information you've given, there is still probably some meat on the bone.I can't do accurate math for you because a lot of it is very case by case, but major expenditures you should add in are vacancy, roof, HVAC, property management, and any concessions you give tenants such as free water, cable, yard maintenance, etc.

I haven't had to replace any roofs, boilers, siding, and other high ticket items yet.

This property is pretty much ready to go (very close to turn key) the wood floors need polyurethane or carpet, roof is metal it needs to be painted and the grass needs to be cut and bushes trimmed.

I'm just starting out with RE investing and have been researching various aspects of the process for some years now (financing, taxes, market analysis, deal negotiation, etc.), and my next goal is to shadow someone during their journey.

Hi all,Im looking for contractors for roof and gutter repairs, for investment homes who can work in south sno, north king counties.

The value of a GOOD loan broker really can't be overstated for just about any transaction, but they're even more crucial in scenarios like yours where the financing aspect is quite a bit more nuanced than your standard transaction.

I'm brand new and have yet to invest but it seems like you've gained a great working knowledge of some aspects of real estate.

The 2% rule seems to be intended to protect against long term expenses (carpet, painting, roof, etc) but if the cost of the home is so much larger than the upkeep expenses it should instead get back to a cost per square foot to maintain-- Example 2000sq ft * $3/yr = $6k/yr for maintenance seems much more reasonable then needing to go achieve the $18k/month route to suggest cashflow.

How would should I factor in CapEx for my condo knowing that some big expenses such as the roof is taken care of by the HOA?

New roofs have been done, sidewalks, landscaping, etc. with more improvements to come.