I do have vacancy, maintenance, and capital expenditures accounted for in my model, and I'm running in the green by about 7600 a year- still, I thought the margins may be a bit thin.  

The problem with what you are asking is that there are a lot of assumptions you have to take into account when you do this.

Account Closed it’s in south dallas. 7850 woodshire Drive. 

@Ryan Proffit Its just about break even right now to be honest (it was a beast before the refi), but I am very conservative with my numbers, for example I just installed two new boilers and new kitchens, appliances, gutters, windows but I'm still accounting for 10% cap ex.

We anticipate about $150k in repairs when All said and done.Immediate repairs/interior rehab approximate about a 3rd of that total.Roof replacement accounts for the rest.First thing that jumps out from the spreadsheet is no PM cost.We are buying out of state,so will slap on the 8% PM fees.Because we already own a similar building in town,we know the water and sewer bill is at least 2x what it should be.So updating plumbing fixtures to reduce water utility portion is a major value play.Rents are also at least $100 under market.Financing is agency debt.6.5% interest3 year term,30 year amortization.There’s a lot of moving parts in a value play.That’s why I wanted your comments and questions first and i can respond as we go.

A lot of historically bad areas like Compton and Watts have really calmed down and are seeing major appreciation (Watts has been crazy for that the last two or three years), and there can be good opportunities.

Originally posted by Account Closed:Looking at the spreads on property's in my portfolio and boy o boy--- maintenance, maintenance, maintenance.

Any accountants out there or anyone who has done this who can share some insight?

There are also closing costs to take into account.

Hi Account ClosedI'm seeing most of the better properties in Babylon, Bayshore, Lindenhurst.