When you go from spending $1,500 in rent to living for free + $1,400, that's a $2900 swing in your monthly expenditures.

@Michael Moussa mtce is maintenance-fix sink drain, capex is capital expenditure-fix downspout, roof etc. 5% for vacancy is great most of the time during this virus it is hard to know.

Cap rate is a good guide, but you need to verify all the income and expenses, consider the cap ex expenditures that you will spend now and in the future and factor in potential rent growth, expense reduction (or the opposite). 

You can deduct repairs but not capital expenditures.

With the new tax law you have to source your HELOC expenditures and 1099 Int is not foregiven.

While each property is going to be different, you should set aside a percentage of your gross income on the property for vacancy, capital expenditures and maintenance.

If you are planning to do cosmetic repairs be sure to inspect major items that will become capital expenditures down the road to get a gauge on where they are in their life cycle.

Right now I set aside 24% of the gross rents for repairs, vacancy, and capital expenditures (8% for each one), and I have not been allocating for property management because I would start out by managing my own properties.

Lastly what is the worst case expenditure I can expect to fix the foundation.Assuming it has NOT been maintained with the best care.House is approx 1700 sq ftThank you!

What's the best accounting software for tracking income and expenditures for multiple properties?