$8.07 $7.35 Long term Government backed agency leases High demand rental type 3 to 5 year leases on 50% of the complex Excellent cash flow Estimated Expense Summary Actual Pro Forma Projected Taxes $72,490 $72,490 Insurance $12,131 $12,131 On-Site Management $30,000 $30,000 Trash $5,131 $5,131 Cable $1,708 $1,708 Maintenance $33,402 $23,270 Repairs $15,201 $6,090 Advertising $6,809 $4,074 Legal / Professional $7,483 $2,658 Administration $8,317 $8,317 Permits/ Licenses $1,104 $1,104 Telephone $18,294 $18,294 Payroll / Benefits $112,943 $105,250 Security $17,780 $17,780 Miscellaneous $19,896 $19,896 Utilities $143,030 $136,000 Workmen's Comp $5,388 $5,388 Auto Expenses $2,000 $2,000 Pest Control $716 $716 Furniture $4,356 Totals $518,179 $472,297

I have used NARS - and worked just like advertised for me.Last deal involved a home in Vancouver, WA- owner was moving to CA and had a prepay penalty on his loan.. and just wanted to get out of the monthly obligation.Placed his home into his own trust, then assigned a beneficial interest to me and I in turn brought in a resident beneficiary to "partner up" with.

Your market may vary, but...Before you advertise you should already have a good idea of the market, and you can watch ads for a while to see how many weeks they are repeated to get an idea of how long you can expect.

You missed a BUNCH of the expenses such as: legal expenses, evictions, damage done by tenants (in excess of deposit), advertising, lawsuits, office supplies, utilities during vacancies, capital expenses, etc, etc, etc.

There are other places you can post advertisement information.

Have you tried advertising for local money.

Buy the materials and get started.

It can give you an idea of how much materials might cost when rehabs are needed.But the main thing is just keep educating yourself.I'm sure some of the other guys will come in with a lot better advice but I hope it helps.

That alone is 30% and you still need to add insurance, taxes, utilities not paid by tenant, professional fees (accountant, attorney, etc), advertising and administrative costs.

Advertise property to buyers3.