Hey Bp'ers,  So I've put together a deal for a group of investors which will be closing on Friday 3/10 and during our conversation I learned that they would like to have the expenses such as Vacancy, Cap Ex, Maintenance etc...

You contact them and simply state that the vacancy has been filled.

Starting to look at an area of Texas that I frequent for projects (Lubbock, TX) and am curious about the times of the year to buy and any experiences with vacancy issues if buying in Q3/Q4.  

You need to be careful about may parts of SI, population is stagnant and vacancy can be an issue.

For typical turnkey rentals what are average cash in pocket per month people are seeing after factoring in vacancy and maintenance? 

Have you budgeted for cap ex (8-10%), repairs (8-10% - could go lower if building was new), and property management (10%), and vacancy (8%)Taking all those at 10%, you'll want 250 per, for a total of 950 (with vacancy allowance) per month on the deal, and then you'll still need to pay the note (at whatever) and PMI.

Cap expenses are a much bigger hit than vacancy and maintenance.  

I would up vacancy to at least 5% if not 10%.

I've factored a vacancy of 15%.

What vacancy rate do you/did you use?