You can just put it as the first item on your extra 20% budget of unplanned expenses that you budgeted for, right?

The project management side of things even if slightly more expensive still makes sense because it should save me time and travel expenses.

Normally, both income and expenses are reported on Schedule C of the 1040.

Purchasing multifamily and then renting out the other units is usually going to have worse cashflow and be too expensive purchase-wise for you to afford in the Phx market.  

So you will have an expense and an income washing them out.

Makes me think it's super expensive...

Capex/repair expenses?

Hi everyone,I analyzed the deal below and found out that if I had a property manager, accounted for other expenses, and put in an extra $20,000 for rehab costs, I will cashflow $270/month. 

I have a few expenses coming up like college tuitions for two kids (perhaps even grad schools)  that I know i have to budget for, and the BRRRR approach seems to me the best route for that, and plan for my eventual retirement.    

Also, turning over a house is much more expensive than turning over an apartment.I would suggest buying something in the Seattle area.