Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

.- arrive early, stay late.- immediately place contact info from networking into my database. - Go to county courthouse- learn what info is available from clerks.- setup DBA- network- Locate good webdesigner to set up business website.- Design & printout business cards using local business.- Use local business to manufacture fifty bandit signs

It is either dropped off with my agent or it arrives in the mail (depending upon what I am doing with the purchase)

The stock market is crashing or on sale right now... depending how you look at it.

Is monthly rent x's 12 x's 10 = a good basis for a selling price? Is now the time to be selling a cash cow investment?

Regards

Sonny

I strongly believe that he was just telling me this to get me into HIS bank...He mentioned that since the FMae/FMac crash, most investors are buying up these mortgage loans/securities to help strengthen the market and that finding one of these banks these days is going to be hard.

The police lost him in a high speed chase complete with a crash through someone's lving room.

When I arrived I found HUGE holes in a couple of walls, various wires within the walls had been cut, and some lengths removed, 5 interior doors that had been kicked in, truly nasty carpet, dead lawn, a kitchen that a hand grenade would have improved, a hole through the sheetrock and brick where a window/wall A/C had been removed, etc, etc.

I've read a few recent articles about deflation but there a number of safety mechanisms in this country now that we didn't have after the crash.

You may be able to afford to look how you want when you have arrived, but when you are on the journey, you may need to look the part as sad as it is...