You need to try and guess the age or get the age and make conservative assumptions as to their replacement, or assume you need replacements right away and account for it in the purchase.I'm two months into my purchase and both my maintenance and CAPEX budgets have 10% remaining for the rest of the year.

After it was flipped and sold last year, its assessed value shot up $90,000, causing an increase of $4,000 annual taxes.  

After it was flipped and sold last year, its assessed value shot up $90,000, causing an increase of $4,000 annual taxes.

If not, I would account for more in regards to cap ex.

Looking like it’s going to be an eviction after getting a ******** excuse from a tenant “their ex stole all of the money out of their bank accounts” lol.

This is why it can pay to have a tax pro who keeps up on all the changes annually. 

Do you have an attorney, a banker, an accountant and a realtor who understands investors?

Hi Account Closed that's a good idea/question.

We had a great loan officer there who worked with us in obtaining conventional financing on investment properties where most lenders made the process incredibly difficult and wouldn't account for all of our rental income/properties.We are looking for a new loan officer in the area who has + referrals from investorsWe will be purchasing our primary residence in the next yearThanks!

Usually if the tenant doesn't pay utilities they can't get a new account in the same area and it goes on their credit report preventing them from getting service elsewhere.