There will be unit turnover costs, and capital items (water heaters, roofs, etc) that may need repaired during your ownership, so make sure you are saving for those with these reserves.To be honest, there are deals out there that make sense, but in today's market finding SF rentals where the numbers work is very challenging.  

Sending out Loan Mods but never following up and explaining the terms to the borrowersSending out the Loan Mods via most expensive overnight courier and charging you for itTaking 2 months to get out a demand letterOn "Client Managed" loans, emailing you to tell the borrower to send checks to their new address, even though they are charging $55/mthCharging for Payoff statements and other items on loans in Foreclosure that are Client Managed, whereby they do absolutely nothing and still charge $40/mthIssuing incorrect 1099's where interest from the year before was included.  

You have 3 units. 2400*$6=$14400/ 10 year life span / 12 months in a year= $120 per month for 1 item in a budget.

The "house contribution" goes to all communally used items such as trash bags, dish soap, toilet paper, laundry detergent, coffee, etc. 

However, interest and property taxes are still deductible as itemized deductions on your Schedule A.Rented for an Average of 7 Days or Less: Under normal circumstances, rentals are treated as passive activities, which are reported on a Schedule E, and net profit from the rental activity is not subject to self-employment tax.

As of now they have not itemized the charges either.  

We just want to do what is best for the business and what will help set us up for what is in store next. 

Located next to a newer Walgreens, Ruby Tuesday and popular liquor store with an Applebees, Outback Steakhouse and Starbucks nearby.I was being what I feel is conservative and estimating $7,000/yr for repairs and another $10,000/yr for CapEx, plus $2,000/yr for snow/lawn care and 8% vacancy allowance or $8,200/yr.Any advice, tips or suggestions would be greatly appreciated!

I can’t find any and the specialty stores are saying someone came in and bought the 20pack boxes to resell (probably online to China or selfish hoarders).

This way it shows that you took money out of the business to pay for a personal item.