Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

That being said, I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection as it relates to real estate.

Specifically the Manchester, Concord, Nashua areas which are right over the border of Massachusetts.

Hi Kyle, I would recommend chatting with a property manager in the specific city of Ohio you're looking to buy in.

Good luck, and feel free to reach out if you have specific questions as you go along!

Hi Kirk, In 2021, I moved to the Kissimmee area, more specifically Bellalago, a gated resort-style community on the shore of Lake Toho.

You have to do some work to create real estate specific "Classes" and expense accounts for QB.

I would think that a property manager would be able to assess your specific unit, be able to determine what market rate is for the local area and the quality of the unit, what the market rate rate is for your specific unit, to suggest what your unit could rent for based on some improvements and have a sense of what rent increase would be tolerable by the tenants. 

I would try to buy properties starting at a specific date so not large ticket items come up.

Over the course of a weekend—and fueled by beer, food, and sledgehammers—we completely cleared out the space.