If you are making a bunch of improvements before you make the unit available for rent, you can include it in the cost basis and depreciate over 27.5 years, but you may not want to.

What other expenditures should I include when evaluating if a deal will give me good cash flow and cash on cash return?

I know a lot of speculation, but if I have multiple exit strategies including possibly holding the property for much longer up to 5-7 years then it may not truly matter; although going in on higher cap may always be better because you have a greater chance of lowering.I don't know, just feel like, I am talking myself into it, buying now.Best time to buy may be brief period when the cap eventually goes high with market crash or adjustment and eventually the interest rates will need to be lowered to revive economy!

Zoning, financing, environmental Phase I and Phase II, you may want to include geo for raw land.

For holding costs, you'll have to include debt service if you're not sure about the financing side.

750 is the total cost to purchase, last I heard, that includes foreclosed but uninsured title.

If the total housing payment including taxes and insurance are $3000/mo, then you'd have to qualify for the remaining $750/mo payment.

The property features off the street 3 car garage I will include for $50/Mo. 

Including networking, how can I find someone willing to JV? 

We are currently cash flowing roughly $400 including budgeting for repairs/capex.