Are you talking about a routine to a rehab?

It ignores vacant unit, clean up and marketing between tenants, eviction costs, damage, routine maintenance like the roof, hot water heaters, appliances, lawn care, snow removal, etc etc etc etc that are all real costs whether on an annual or some other recurring basis.In most places, if you can offer an investor a property with little deferred maintenance that is generating rents at 2% of purchase price, they are going to jump all over it.

The other $417 per year is routine maintenance.

Paid closer attention to hvac simple routine maintenance - changing filters, keeping overgrowth away from the A/C.

I'm a bit uncomfortable leveraging myself with credit, but would rather take a slow and steady approach of buying a rental home, getting a renter in it, pay off the first home, buy another rental property, the take the money from the 2 rentals and roll that into the 3rd home, etc.

Seems like a great flip deal but I'm uncomfortable about all the headaches if I have to hold longer than I like.

The ones you've listed at the routine ones that come month in and month out.

FWIW, resort properties routinely use the "CC on file" method for future charges based on a rental contract.

Also, it allows you to put any "uncomfortable" issues on your partners, good cop/bad cop.

I am currently charging a fixed monthly fee based on the size and # of units which covers all your routine repairs, plus cleaning.