You only have to pay the P&I part of the payment out of the $2212.50 NOI.Whatever's left after you subtract your P&I Payment from the $2212.50 is your cash flow.Now two additional twists.One is that a PM around here will take 10% of the rent plus a half month's rent to fill a vacancy.

An investor is likely to pay a given percentage of the ARV, with repairs subtracted from that number.

A quicker way to see if it works, is to subtract 40-50% of Gross income.

You can subtract from that half of all expenses, including mortgage interest.

Generally, you take the unpaid principal balanceand add accrued interest and late charges and subtract or add the escrow account balance to come up with the payoff.  

Then subtract all the expenses then you end up with NOI (Net Operating Income).

So let's say it needs $10,000 worth of repairs. 70% of ARV is $70,000 and then subtract $10,000 for repairs, so an end buyer would want to pay about $60,000.Then you have to build in your assignment fee, so let's say you want to make $5,000 on the deal.

If you were to refinance at 75% LTV you would net $18,750, subtracting the original $75,000 by the new loan amount, $93,750.

Here’s your answer:Depreciation (Line 13/14) – can be added BACK as income Business Use of Home (Line 30) – can be added BACK as incomeVehicle Miles (Line 44A) – can be added BACK as incomeUn-allowed Meals and Entertainment (Line 24B) – is subtracted FROM your incomeIf you have a choice on HOW to deduct the items above then you want to CHOOSE to try to deduct them in those categories.

Than you subtract that from the amount and that is how much the va will finance on your next house.