Is there a source for the following data;  I am looking for the "norm" for the expense ratio (based on either GPR or Gross Income) for individually metered garden style apartments in the south east and the mid Atlantic (Region IV) : Marketing Insurance Janitorial Service Lawn/Snow Licenses Miscellaneous Professional Fees Accounting Legal Property Management Fees Repairs and Maintenance Resident Superintendent Salaries and Wages Supplies Taxes Real Estate Personal Property Payroll Other Trash Removal Utilities Electricity Fuel Oil Gas Sewer and Water Telephone Other (whatever I missed)

The city oftentimes has two figures for buildings, gross square footage, and also square footage of living space. 

The park grosses around 375k per year.  15 min to downtown San Antonio and backs up to a river for fishing, kayaking, and swimming. 

The gap between the two numbers is significant and is the difference of $6k-12k in gross rent revenue.

In general, I have seen some advice to go with 50% as your NOI after you take your gross - your Vacancy and to use 10% vacancy as a rule of thumb.

I would ask for actual numbers (gross revenue/net revenue) and see if it makes financial sense for you.You'll need insurance that covers vacation rentals which most carry now - just ask your current provider if they do or don't.Other costs:Registering the rental for the short-term license, Florida sales tax, and all county taxes.Will you be self-managing or hiring a manager?

But I am concerned by what it could cost to update the park.Upside is there are 12 pads of tenant owned mobiles and a small house on just under 2 acres with a gross rent of $3,700 not including two units non occupied, owner is asking $200,000 for the whole thing.Downside, went to the park and found it very run down and cluttered with trash.

Below is what I input:This is for a place on Haiku Road, Kaneohe, HI, 96744 Total Gross Rent - $22,500 (estimated based on Craigslist places in same area)Other monthly income - 0Fixed Landlord Expenses: Electric - 0 (assuming renter would pay for it)Water and Sewer - 0 (assuming renter pays it)PMI - 0Garbage- 0HOAs - 0 (assuming renter pays it?)

Mike,In my limited experience with property managers the usual flat fee is around 10% of gross income so if you are basically hiring them as such that might not be a bad place to start.

." -- RayYou struggled to get $10k gross, or $10k net?