50 Percent Rule and Taxes

[Chris C.]

I have been studying the 50% percent rule as I look to purchase my next property and wanted to make sure I am correct, in that taxes and insurance are to be included as part of the 50 percent of expenses. The expenses would include tax, insurance, vacancy, repair, advertising ect. Here in upstate New York our taxes are high so this has a pretty dramatic impact. I have searched the forums for an answer to this question and did not see anything directly relating to it. Thanks ahead of time for your assistance.