Not just taxes and insurance, but property management (if you do it yourself, you still need to be paid so include the expense), utilities, vacancy allowance, capital reserves, administration expense, advertising, paroll (if applicable), etc.Also, the 100 year flood plain concerns me.

Making those changes will transform a good deal into a better one.Scenario C:The tenants began to pay their own utilities in December 2008, because the seller installed individual meters (Rent Utility Bill Back System [RUBBS]), and the seller reduced their rents (by roughly $100 per unit).

- Utilities (will you have to pay any?)

For example:- Advertising Costs- Lawn Care- Termite Inspections/Repair- Capital Expenses- Property Management (if you *ever* plan to use one)- Utilities (during vacancies)- Administrative- Accounting- LegalLastly, your vacancy rate is assumed to be under 6%...is this really feasible for this location/property?

Just spent 2k on labor and materials for a small bathroom repair and upgrade.

My all-in cost after all of the renovation cost, financing cost, utilities, refinance fees and closing costs was about $305,000.

People make estimates for cap ex, operating, taxes, insurance, utilities, etc.

I read about ratio utility billing systems (RUBS) and curious to hear about personal experiences with this.I am open to company recommendations.

For example, if you are buying the property outright, i.e. no mortgage, that $1000 -$1500 per month goes to your expenses, (utilities, capital expenditures, vacancy, etc.) and the remainder is your net cash flow.

I have great credit and I am looking into 0% first year credit cards to utilize.