Any other "rules of thumb"......

[Antonia K.]

Hi Everyone,

I apologize if this is a stupid question. I have been doing A LOT of reading and learning a lot. There is a property that has caught my eye and I was trying to take all things into consideration when crunching numbers, etc. I'm familiar with the 2% rule, 50% rule, CAP rate, etc. What I'm having problems with is thinking of all the items to take into consideration when calculating operating expense ie property taxes, repairs etc. Do I include insurance as well as that is calculated into the loan amount?

Are there any other rules of thumb I should take into consideration? I've crunched some numbers and took a stab at one of the calculators under the "Analyze" tab and the numbers are looking too good to be true. I keep feeling as though I'm missing something.

I appreciate any input!