In NOLA you have flood insurance (mandatory), a lot of capex expenditures in the beginning (most multi’s are either very old or reno’d and there were some shortcuts made), and can get expensive depending on the area.It’s a tough market overall here with limited housing inventory as is.

You are not going to get the current going rate for the 3 BR/1 BTH in that area because of your "special situation" or you will have a large expenditure to correct it. 

I wanted to see If I did any capital expenditures how much that would influence my bottom line. 

And because $462 is well below the best practices for contingency savings, you should expect to fund emergency expenditures out of your own pocket if they arise early on.This is where a thorough inspection comes into play.

This is also even before you account for any reserves for expenses such as potential vacancy rate, small monthly repairs, or large repairs like capital expenditures (like fixing the roof, HVAC).So I notice when I try to do these calculations on properties, I can almost 100% of the time afford a triplex over a duplex, even though it seems like it should be the other way around, BECAUSE the additional rental income of the 3rd unit really helps lessen how much I would have to pay for a mortgage.

We would calculate monthly costs, rental income, repairs, capital expenditures, etc... to ensure the numbers worked out well and we just got really lucky on this house.

Fortunately, BP has taught you to be a smart investor, and you also set aside 25% of the rent each month for vacancy, repairs/maintenance, and capital expenditures.

I have a 750+ credit score, no debt, and my monthly expenditures amount to about 10% of my income.

The reason for my post is this: having experience in residential properties and not so much in commercial, what is the best way to estimate expenses such as maintenance/repairs and capital expenditures when doing my analysis?

Pros: 20 minutes to downtown, cash flows, new construction so all the warranty and no repairs or expenditures for a long time, and potential for development.