For every 1 job lost at a major employer, there’s what’s called the multiplier effect.

Under the “25x Rule” they should multiply their income (or cost of lifestyle) by 25 to determine how much they’ll need in retirement.

Then i had multiplied 581.00 x 12 months =6,972.00.

So whatever money you’re planning on setting aside for repairs, I’d multiply it by 1.5X or so.

Calculate the NOI by multiplying the number of occupied spaces by the monthly lot rent (lot rent ONLY, so if there are homes rented, only include the lot rent amount for each of those spaces) and then multiply by 12 months to arrive at the gross annual income. 

So thanks to that depreciation expense, you are saving (assuming you can use passive activity losses) $4,545 multiplied by your marginal tax rate (which is a topic for another day).

When you go to make a purchase on a big ticket item multiply the cost by 16 and ask yourself if it still makes sense to buy it .

Seeing that it's a single fam, you can only rent it to a group of person as opposed to 3-4 groups multiplying your income.

You need “why “power ..not “will “power to stay in the game long enough to see your dreams come to fruition and accounts start to multiply .

Multiply that by 90% and that is your max investment you can put into the project.