Use the cash-on-cash return formula: (Net Annual Income ÷ Total Cash Invested) × 100.

My sister in law and brother in law spent a combined $468,000 on attorney fees over 5 years to get divorced - their total net assets at the time they decided to divorce was just over $1 million.  

So it won’t matter if you forgot things like management fees (or the value and costs of your mistakes if you plan to self manage.)

Quote from @Carlos Ptriawan: totally agree, key point is don't lose money by not having complete understanding of future risk.we're in the great collapse of CRE market and LP is destroyed because the passive investor is the dumb money, time is important but not to lose money is incredibly even more important , the total collapse in many commercial real estate sector is way beyond 2008 as it seems.Carlos, where are you seeing that "we're in the great collapse of the CRE market" ?

@Seth Rose  Total get where you are coming from.

If you rent out the entire unit, you might not be able to cover more than 70% of your total monthly payments (mortgage + HOA + property taxes).

Can you say the total market value of your properties is?

Interesting that your market is slowing, but Chris's market is doing well around Orlando.Jacksonville hasn’t been building as many total units as Orlando, but Jacksonville has been top 10 in the nation for building new housing units as a percentage of current stock.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I would need 2 meters per unit, for a total of 4 ($3200 at full retail).