Those are a lot of expenses to be covered by the relatively low amount left over and still have $400/mo in your pocket.Is it mathematically impossible?

I've just yet to see anything like it in my area and am curious if it is just unrealistic in the current environment or if people out there are finding opportunities that mathematically make sense and I just need to find the Michael Jordan of real estate agents haha.Thank you again for your help and input!

Here is the mathematical equation:Assets x ROI = Cashflow > Expense BudgetHere are the steps:Determine you annual Expense Budget based on how you want to live.Example: $75K/yearDetermine your Return on Investment based on your Risk Tolerance.Your Risk Tolerance is based on how wiling are you to risk losing it all when it comes to your incoming producing properties to where you would have to go back to work.Use a scale of 1-100, 1 = cash in mattress and 100 = I'm gambling the rent money a the craps table.Take your Risk Tolerance # and divide by 5 to calculate your ROI.Example: Risk Tolerance = 50, ROI = 50/5 = 10%Income Producing Assets = Expense Budget/ROIExample: $75K/10% = $750K in income producing assetsFor real estate, Income Producing Assets = Property Equity, not the market value of the property. 

At most REIAs I’ve attended, many experienced investors try to dissuade new investors from doing cash deals.I understand the mathematical concepts around leverage, and I get that most of the time newcomers can’t jump into real estate investing with all-cash deals.

Mathematically I would approach this in the following steps:If you took Bryan L.'

It is a mathematical certainty, as these components age out over different timelines across the portfolio.

I am a math guy....does anyone happen to know the mathematical formula for calculating this?

So it's overstated by a factor of nearly 4, which tallies with my commonsense that water supply only (not heating; that's individual) for a 1/2BR unit shouldn't be $57 per month.So given this piece of mathematics, I'm pretty confident I can get the expenses lower than stated.

The 2% Rule is the same thing as using the 50% Rule and applying a 12% Cap Rate on the annual NOI.I was looking at some properties and noticed I got the same value using the 2% rule and using the 50% for an estimate of NOI and happened to be using a 12% Cap.Being a math dork I did write it out symbolically and they both reduce to the same mathematical equation (Which BTW is just multiply the monthly rent by 50).

But it is not 90/10 - the notion is correct, but it's mathematically incorrect, because there are literally over a couple thousand agents in Milwaukee that do less than 5 transactions a year.