Adjust for any old/new contracts you're removing or addingG&A (Advertising, Office, Software, Etc: T12 adjusted for any old/new contracts you're removing or addingReserves: $250-$350/unit multifamily; $0.15/sqft commercial; $1.00/sqft commerical TI'sTotal Expenses: Sum of all above expensesNET OPERATING INCOME = Project EGI - Total ExpensesProceed to look at multifamily / mixed use sale comps and make judgement call based on (i) going in / exit cap rate assumptions, (ii) $/unit, (iii) $/sqft, (iv) etc.

The reason those locks charge monthly is because there's an ongoing upkeep cost to maintain the software and communications network that are essential to being able to program the lock remotely.  

I can't imagine this would be a giant can of spam in any way.Jonathan, thanks for confirming that McGraw is legit.

I would start here to see that people are coming to the area and not be as worried with why.I'd also confirm what you need to operate legally such as any permit requirements.

I follow up with a phone call to confirm receipt and answer questions.

Most professional tax software programs have an option to specify that rental income is non-passive, and that will cause the Schedule E tax loss for that activity to bypass form 8582. 

We'll also will call the BPO agent sometimes to confirm data on it to get more details(another way to figure out the quality of the report pretty quickly).Also keep in mind that bad BPOs can make you money too, like when the bank is using that for example, and you have quality boots on the ground giving you a more accurate value.

I moved from abroad to USA 2 months ago (from Poland, originally I'm from Belarus) and now living in Miami, FL, having my greed card.I have no real estate background, my carrer abroad was focused on IT sales, such as software and hardware products & services.

When part of your training cost is software that you will be using for your deals - is it education or an asset that will be placed in service once you start using it?

Confirm with a local expert.