There are a few homes of nice standard being sold to the working class people and they are averaging between $65-90k, which is what I derive my ARV from.I know all you seasoned vets out there say to steer clear of these properties bc they become a huge hassle.

Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.Generally a bit of a stretch in reality to include residential rental properties but under the definition they are included.None I have ever owned were passive from my perspective. 

the methodology of deriving this number is explained here

The problem is, as others mentioned, that if you derive income from MA you have to pay taxes to MA, whether as an individual or an LLC. 

If you say: “I’m starting at $50K because the max I can do the deal at is $53K” and that’s derived from a pro-forma it might be another story.

For CapEx I derive a 5 year replacement average and try to maintain that amount.  

gid=212345418&single=trueThe numbers that I used to make adjustments are in no way scientific or derived from equations, they are ballpark numbers I got using my home's appraisal report as reference. 

Contact the county clerk and the clerk of the city, town, or village in which the business will operate with questions regarding local licenses or permits.Annual State Filing Fee: Every domestic or foreign LLC that is treated as a partnership or disregarded entity for federal income tax purposes that has any income, gain, loss, or deductions derived from New York sources is subject to an annual filing fee.

BTW2...Google Ray Alcorn's, "Deriving YOUR Capitalization Rate" and follow his methodology closely to underwrite the project correctly.

Investors can more easily derive valuations for SFRs by using a comparable market approach generally based upon "like" properties in the same neighborhood.