Details below:Purchase Price:  $124,900Contains (5) 2-bedrooms and (1) 1 bedroomRents: $3,490 totally rented outWater/sewer: $100/moGarbage:  $213/moPest Control:  $68/moTaxes:  $450/moInsurance:  $250/moProperty Mgt:  $279/moLawncare:  $100/mo10% Maintenance:  $3495% Vacancy (low vacancy area historically):  $174.50Total Expenses:  $1983.50Financing:  Bank (80% note):  $830 (15-year term); Seller (10% note):  $99. 

I am okay with generalizing maintenance expenses by a % of the rent depending on the age of the property but I really hate doing that for Capex. 

We take care of all maintenance, including yard work. 

My husband is very allergic to cats and I worry that since he'll be doing a lot of the maintenance that this will negatively impact his health (I should also mention we would be house hacking a MFH in metro Denver).  

Not a huge cashflow per month, but after I refinance, I'll make $250 a month after I take out mortgage, taxes, property management, vacancy, and maintenance and insurance.I'm very excited, but also terrified in moments.  

My story is probably pretty common...bought my Fall River, MA condo in 2007 (when I thought we had hit the "bottom" of the market...ya), lived in it for 5 years.In 2012, my wife and I wanted to buy a house, and selling the condo was out of the question since I could only get about half what I owed.So, we became landlords.And a funny thing happened…I enjoyed the process and a lot of things about it.I’ve found two great tenants who are low maintenance and pay on time.So here I am, looking for more property.I think I know what I’m looking for as far as a good deal, but I worry I’m not going to be able to finance the deal when I find it due to lack of funds.Hopefully between this forum, the podcast, and the half dozen books I’ve bought, the answers will come.We’ll see what happens!

 :)   Having to hire maintenance and small repairs either while owning can be expensive $40 an hour for even little stuff.  

Maintenance?

Even if you pay down 25%, only about 20% of gross rent remains for management, maintenance, vacancy and CapX before this property will actually cost you money each month.

If an underwriter really wanted to be obnoxious, they could in theory hit you with the annual maintenance fee, but $75/yr will be $75/12 = $6.25/month which is nothing.