Once you get into higher end / higher priced properties, these numbers will have to change as it is not a one size fits all equation.As an example, I sold a property a few months ago for $1.56M and the gross profit at the end was about $225k which ended up being a triple of a deal (baseball reference).

We have a buyer closing on a 3 family next week. 3k gross rents, 210K purchase price.

I have been offered $1,600,000.00

$280 a month multiplied by 12 is $3,380.Sometimes it's better/easier to see the gross number.

I would assume a 10% of the gross rent for that expense. 

I would split the gross profit and you and your partner can then deal individually with your taxes.

Clean rags with TSP in a bucket and repeat for what seems like a gross eternity.

  $30K in gross annual rents before taxes, insurance, maintenance and vacancy allowance on a $600K asset is probably going to net you less than 2% annual return. 

Last 12 months $75k gross rents. 

,I've seen a lot of turds, and people purposely crapping in the toilet when the water is shut off so it smells.. but outside the house.. wow... just wow...the smear marks are the real gross factor...