50% Rule - Quick question

[Steven L.]

Hi - For 1st pass analysis on 2-4 units when estimating expenses and the 50% rule.    Does 50% typically account for EVERYTHING?  Taxes, Insurance, Utilities, Repairs....we will leave management fee out of the calculations for now.

Normally for these properties, I am finding that only taxes are provided.    This is for first pass only.   If the numbers are close, I would do further analysis and estimate actual expenses.

Thoughts? (and thank you).

S