So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

Hey all,I live in a condo here in Southern California that I co-own with my parents as "Tenants in Common."

I worked at a student apartment complex for two years and have to say the biggest pro is that typically the parents are the ones paying the rent.

I am not sure how long it was before the window units came into play, but any nights without them were probably hell, and dangerous for the child.

I’ve been learning how to do different reno projects from watching and assisting in work being done in my parents house, watching shows on tv to learn some tips, shopping online for materials and learning the costs to get them done and installed, I have created a few extremely detailed budgets to familiarize myself with costs, I’ve studied a few areas I’m interested in and have been following their markets for years, and reading articles on different aspects of the business.

Parents are selling their 50% share of a duplex. they have an offer from the inheritor of the other 50% (they bought the duplex with their friend 30 years ago and when he passes it's going to his nephew. his nephew has offered to buy my parents out).

I would stare at house plan books for hours on end as a child, before creating my own floor plans.

I'm currently a senior in college and plan on graduating in the Spring with a degree in finance, and am currently still living with my parents and have no major expenses outside of paying for my car insurance and phone bill (Lucky, I know).Given all the experience and knowledge on this site, I was just curious what would be the best way for me to start out?

Since I purchased the home from my parents, I get a break on the property taxes too (it was excluded from a reappraisal when I purchased it, so taxes are based on when my parents purchased it in the 1980's).

My parents are in the process of selling two properties (single family) and they will close next week.