Therefore, starting out, I suggest to clients to use 8-10% vacancy (or more) based on how long it takes it to rent out and what type of lease is signed (1yr or 2 yr).As far as capex, if you aren't replacing any mechanicals then I would put aside 10% minimum. 

Hi Greg, thanks for the feed back, and yes you are right, now I'm  not a professional landlord, but I've had 2 other properties there one of which I still own one and I also didn't have any problems placing tenants, the principal of the high school there has been living in the one I currently own there for 2 years now, the work being done is pretty much a total remodel kitchen cabinets, bathrooms remodels,replace the sheetroock in one of the bedrooms re-texture the walls, get rid of a gas fireplace, new flooring, painting interior and exterior light fixtures and add a central heat and air and is a 1300 sf 3/2.The people who lived there were just not clean at all and they just didn't care for the property. 

The email stated that the underwriter has assigned an action for me which read as follows: "The shed is in poor condition and needs the following repairs: rotten soffit and fascia, roof replaced and trees at the back cut down to prevent further damage."

It was hard to find them, it will be hard to replace them, and even harder in an economic downturn that went from pretty darn good to whatever we are about to face, likely a year-long recovery at least by my prediction.My tenant base is high risk.

In my area it is $6 sf to replace with moderate LVP. $9000/$26=346 months you can replace the floors.

Whole house will need painting to some extent and some flooring is going to need to be replaced.

You can stand on back porch and fish in it if it was a pond with little fish in it but we have had to replace all the sewer lines from trailer house to tank and to lagoon and replace and fix other water lines out side hydrantsbit all this has happen and nothing ever has been said about us paying any thing again.

Hey @Todd Smith, are you familiar with Replace Your Mortgage?

I was told by someone that if it had been a while I may need to replace all carpets. 2.

i feel as though there won't be a piece of legislation that would ever replace solid landlords and local property management firms