I looked at a property that needs major work.

They should spread the love to the other major cities like San Antonio hahahaha

It was built in 1950, and does need some internal remodeling but overall does not have any major issues.

I have a major delimma.

Assuming no major repairs come up, the $120/mo in CapEx would go toward this and we'd do it in a few years.Re: lawn care - this was such a helpful call out, thank you!

You should take each major item (roof, HVAC, exterior paint, etc) estimate replacement cost and lifetime and use that as Capex reserves.

I have identified many empty lots in a transitional area just outside a major metropolitan city.

@Allen Li the market as a whole is super competitive with the majority of the world sitting on the sidelines last year everyone has capital ready to use.

The home was built in 2018 so the major items on the home A/C, roof, water heater all have more than enough life expectancy left. 11/month HOA, 4,000/month CDD.

Then you have expenses for when the property is vacant for when you do your remodeling, changing the floor plan, ow whatever you mean, adding a bedroom, bathroom and this is going to cost you major money and a major loss for rental income.