If you use Buildium for property management and Quickbooks for balance sheet and other property related expenses ORif you have your properties managed by PM that uses Buildium and you use Quickbooks for balance sheet/cap ex/other expenseshere is a solution that will cut down your time transferring Owner statements from Buildium to Quickbooks.

You didn't mention if you have enough cash flow to cover repairs and cap ex over the years, but sake of this post, let's assume your cash flow covered the money invested in repairs over the years. 

In September, I closed on a 4-plex in Ville Emard with the future intention of becoming an owner-occupant, and one of the tenants (paying $1300 for a 2-bedroom that badly needs renos) has decided that she wants to move out (her ex-roommate moved into the apartment across the hall from her).  

I’m just not built like that and I have my daughter FT so yes I have thought about trying to find a duplex or getting a SFH and converting the garage or building an ADU in terms of the marital home, there’s a good deal of equity there however I need to split that with ex husband.

The reason I am asking this question is because I've come acrossed quite a few videos now on youtube where people holding SFR's are only accounting for maintenance and not cap ex (this is after complete renovations though, so I'm assume big ticket items like the roof and driveway, etc should be set for the next 15-30 years).

I don't really see the justification of getting the fixer upper since it would take 80k to get it renovated anyway.Personally, if it is multi family, I look for ones that have been well kept, might have additional amenities (deck, balcony, finished basement) and have updated cap ex (windows, siding, roof, mechanicals).

A $25k house often has $50k in cap-ex waiting to be spent.Or, you could be a slumlord and just buy a junker and keep it as a junker. 

I am in contract for a 3 family in New Work North Side that based on current verified income should Net cash flow about $900 per month after expenses, 7% repairs , 7% Cap EX , 10% vacancy  .

I certainly believe there will be some beneficial takeaways from this post, for example:Asking more questions,Doing deeper due diligence,Setting better expectations up front,Increased communication with property managers,More caution with "new" service providers (ex. property managers),Making sure tenants meet AON's qualification requirements,Having a better understanding of the demographic profile, etc...

At the moment I run my analysis with 10% property management, 10% vacancy, 10% maintenance and 5% cap ex.