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Updated about 1 year ago,
20K, after a depreciation-Is that a good profit?
I've heard that most investors are happy with $100 per door after expenses. My CPA tells me that "In total, your cumulative profit from the properties is $23k, after depreciation" for the year. This is for 3 buildings, for a total of 8 doors. Am I dividing 23K by 12 months, by 8 doors to see what my monthly profit per door is?