You can do a pro-forma P&L analysis using market rents and estimate your expenses.

Sellers, even very professional ones, often "groom" their income statements (same thing as P&L or T12) when they know a sale is coming.  

James L

@Darryl l. 

I too am looking for Wholesale and L/O opportunities in TX.

Sharika L.

(d) Whether asserted as a claim or counterclaim, a tenant may recover damages directly arising from a breach of the warranty of habitability, which may include, but are not limited to, any reduction in the fair rental value of the dwelling unit, in any court of competent jurisdiction.(2) If a rental agreement contains a provision for either party in an action related to the rental agreement to obtain attorney fees and costs, then the prevailing party in any action brought under this part 5 shall be entitled to recover reasonable attorney fees and costs.HISTORY: Source: L. 2008: Entire part added, p. 1824, § 3, effective September 1.Gail

A L/P does not give you rights and responsibilities of an owner either!

For you accounting types;I was going through the 12 month P & L (cash basis) of my property (39 Unit) and found that I did not fully understand the delinquency line.

PM me if you want a copy.Brian, please email the copy of your book to p e p in veronica @ g  m ai l .