Loss to lease, credit losses, concessions, etc.CapEx seems high, but I don't see anything for repairs and maintenance, turnover cost, landscape maintenance, pest control, advertising/marketing, and general administrative costs.Finally, cap rate is market dependant.

I know on-going maintenance like landscaping is something to consider in costs too (do it myself, pass off to renter, etc).I figured this would be a great opportunity to learn the ropes and learn what I don't know with minimal investment up front (~65k).

I'm looking to acquire more property, but the securitizing lenders (ex. B2R) and portfolio lenders aren't working due to their prohibitive terms (high DSCR, high 30% vacancy assumptions, non-fixed rate products).  If ...

They get places where you do not want to get (attics, crawling spaces), they use infrared cameras to see inside walls, they will tell you if outlets have grounding, if AC is cooling, if Water Heater is missing a expansion tank.

's SharkTank event a couple of weeks ago was a Landscaper who did Snow Plowing in the winter.  

Piled up newspapers, deferred landscaping and maintenance, yard signs, notices on the front door or windows of the home, windows without drapes or blinds, etc.

No inside furniture should be used outsideNo mortifications should be made to the building or landscaping without managements approval.

.* Landscaping (if applicable)

Using your numbers, adding in property management at 10% of EGI brings your monthly cash flow to around $150.What about landscaping? 

joe, we are in the rapid expansion time of our business.