@Jason Dubon I use a percentage of the rental income to prepare for expenses.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

The importance of lowering expenses and increasing efficiency to maximize property income.

If you'd live in a tent under the bridge if you weren't house hacking, well then it might be more expensive for you, but most people would live in similarly expensive housing, only have nothing to show for it. 

I would hesitate to say 1-2 years to rotate out but closer to 5 years, and ideally I'd try to get the downpayment higher to at least 10%.I understand your areas though-- they're expensive.

Good afternoon,Could anyone help me to estimate my monthly expenses if I rent out my single-family house in Sutton, MA?

Expenses for initial repairs before renting are usually capitalized and depreciated.

From that point forward, you can expense repairs and maintenance without capitalization. 

My total expense ratio on each property I own ranges anywhere from 40%-50% annually, but I also self-manage and am not a slumlord (I am pro-active with maintenance, not reactive).

Read Gary Keller's The Millionaire Real Estate Investor for a deep dive on expenses.