I would wait, you could put that money into bigger items to get a bigger and better value add.

We have models in Redlands that doing great. 

If you're the "hey my lazy arse wants to spend that last few decades of life mucking about and bird watching," that's the model match for this approach. 

The carpet is in terrible shape and the kitchen countertops (white laminate) need to be replaced as they are damaged from the tenants placing hot items directly on the counter.  

You may start saving money as you develop a 'boiler plate' model...but that's assuming you do the exact same type of deals.

Look for specialty contractors that can provide the cost appraisal for the large items.

I also understand ACV in regards to items like for example: Tree falls on 7.5 year old A/C compressor.

Hey @Andrew Graham,I would ask your relator to help you with your numbers you use for vacancy in the area, maintenance can vary by house depending on what items that need upkeep, the year the house was built and so on.

Plus, less risky since the space has no tenants now and although I'm confident on the business model enough to believe I will at least break even each month and still enjoy the investment ROI and tax savings, there's always the risk that it won't do better than that or that I won't even be able to generate the break even revenue. 

The costs in TurboTenant are the background checks a new tenant would have during the screening process, which the prospective tenant pays for as well as a small charge to have Digital signatures on documents that I store online (it's $9 and also charged to the tenant).Beyond that, I use google docs (mostly sheets) for my underwriting/review process.The only item I pay for is Quicken, which has a yearly fee now.