The more sophisticated way to calculate CapEx is to amortize the costs of those big ticket items over time.

Operating expenses include utility, payroll, landscaping, pest control, taxes, insurance, repairs and maintenance to name a fewThese are expenses, different from capital expenditures such as fridges hot water heaters and flooring.  

I will pay for my closing cost you pay for yours  or do you expect me to pay all costs.these are the basics... but do check to see if the seller owns it free and clear.. if not your have a subject too or a wrap situation which is much more complicated and creates another level of sophistication and due diligence on your part.

My LLC, which is a separate business from anything real estate related, consistently makes about $3,500 a week in profit, but as the sole member and owner of my LLC I am on the payroll at $1,200 a week.  

If anything, providing such information could potentially mislead the least sophisticated of consumers, and my analysis of Virginia law may harm a person if they come to rely on that information.

From looking at the paychex website they offer alot of services but I think i would only need it for the payroll and maybe the sales tax services.

That said, if your LLC has substantial annual active income, the LLC treated as an S-corp may save you some money on the payroll taxes versus the partnership LLC.  

Have you thought about payroll service providers?

There are couple advantages, but here is the most important:- You can map the unit and tenant to a property and anytime you enter a transaction, it will automatically prefill the property name- Has 15 custom fields with formatting whereas in Pro and Premier you have only 7- Payroll is included (Only in gold and platinum edition)- Unlimited data- Advanced Reporting is included!

Twenty years ago there were not as many service providers or the sophistication associated with being able to scale property management, development, and sales.