Couple of questions on the 50% Rule

[Cameron Marmon]

Hey everyone, new guy here. Loving the forum and the info. I have a few questions in regards to the 50% Rule. I may be making a simple rule too complex, but curiosity is making me ask haha. Example: We identify a property and gross rev. is $2000/month. Subtract operating expenses of $1000 (50% of gross), then we have an NOI of $1000. Subtract the monthly mortgage payment of $500 and we are left with CF of $500/month. Questions: - Does the monthly mortgage payment consist of principal and interest only? - What is the goal return you all shoot for on a deal? - If the deal makes sense for you, what other rules/analysis would you all follow this up with? Thank you!