When we analyze deals our projections won't be the same as \"actual numbers\". For example, when we run our projections we might run our numbers to have 5% repairs and the property cash flowing $100-200 a month. What new investors don't understand is that these numbers are projected numbers are average of 5 years (depending on your market). A good inspection should catch big ticket problems (like foundation and roof issues), but you won't catch some plumbing issues until tenants are actually flushing toilets. Again, when buying an investment property expect a healthy ROI, but there will be some years that you will need to feed the property cash to keep it alive.