Identifying the age and condition of key components and putting it into your calculation is key in identifying if you’re truly cash flowing.

Age is a very small component of determining an asset allocation and people of the same age can have very different asset allocations depending on their personal circumstances.

Vacancy and repair are reserves; of course you can always count that towards your cash flow as well.Capex is for major components, in your case probably just the hvac, since roof and everything else should be covered by your hoa.Sounds like it was suppose to be a primary residence for you, and you decided to rent it out. 

Then you can effectively communicate that opinion to your team so they only bring you projects that align with your opinion. 

Often, those postings of homes for sale are no longer offered, so, my advice would be to get with an agent who can align with your investment goals and work with you.

in that sense I can think of the ideal landlord-tenant relationship as one of mutual benefit, with some goals aligned and some differing.

I have a question about where I can find the appropriate broker to work for, where both our interests are aligned, here in NE Ohio (Akron/Cuyahoga falls/Canton) while still investing in real estate (Wholesaling, Fix n Flips, rentals, etc..).

@Andrew Y.As you have an installment sale for tax purposes, you won't recognize the $26k of gain immediately.Each payment contains a return of cost basis component, a gain component, and an interest component.Encourage you to work with a tax CPA/EA if you're not comfortable determining the components and reporting requirements (Form 6252).

@Steve Weinstein there's nothing about age itself that makes the property itself more expensive to maintain if all of its components have been fully updated.

I am meeting with him today so we can align our expectations.