This is especially important so that we could suggest additional expenses that you may have overlooked or maybe even say for this type of property you do not need to include this or that.Your analysis should look similar to thisGross Income    25500 (2125*12)Operating Expenses  (you still need this number)Net Operating Income (NOI)  you get this number by subtracting Operating Expenses from Gross                                                           Income.To get your operating expense number add up the following  TaxesElectricWater & SewerTrash PickupLawn care and/or snow removal Gas / oil / propaneVacancy (use 5-7% of gross income)Maintenance (10% of gross income)InsuranceHome owners Association Fee (HOA) You may or may not have this oneI like to include a 5% misc expense ( i use this as a reserve)You may be paying all of these or just some.

A few other little tricks that can shave weeks. 

I have been very eager to buy my first rental but the the price of oil being so low will for sure cause our housing market to experience some type of depression.

I've seen several 2 family homes used as 1 families that require basically building an entire unit on the second floor (kitchen etc) which is quite a big expense.For pretty much any property in this area, you'd want to see if it's possible that they have an underground oil tank (abandoned or in use).

We are having an underground oil tank removed on one of our investment properties, for $2100. 

Also I think the climate change argument is BS, we have Alberta oil companies using inefficient practices generating a lot more pollution.Also on global scale as much as we can possibly pollute is really nothing, we have such an extensive amount of vegetation our carbon footprint as a country is easily a positive one in relation to our relatively low population. 

Mostly, things like don't use Draino, don't leak oil on the driveway, things like that.   

probably yet another form of snake oil in the form of a "coach."  

., no oil tank, updated electrical, newer roof and windows); more amenities (parking in this half of Hudson County is worth the square footage in gold!)

We live in Grande Prairie AB which is very reliant on oil and the market has taken a big nose dive in the last year.