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Updated over 2 years ago on . Most recent reply
[Calc Review] Help me analyze this deal, newbie here, fixes?
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@Mark Mainini
I’d also suggest adding 8-10% for property management even if you plan to manage yourself.
It’s not a good deal if you aren’t accounting for the expense. You may not want to self manage forever and if you change your mind you don’t want the additional cost to put you in a tough financial spot.
Until then, just pay yourself that money. You are doing the work anyway.
Peter