Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.

@Matthew Platon - I think there are a lot of unforeseen factors that could affect my decision.

Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.

Purchase price: $665,000 Cash invested: $200 Sale price: $665,000 Its a Duplex 2bd1ba each unit, nice backyard and long driveway, situated in the Pattern neighborhood 5 minutes drive from Dimond/Laurel village.

Hi BP of Boston,When you consider rent increase, what factors do you base your decision on ?

I also think that you don't need to be a driving distance away. 

The rates are usually tied to prime and LTV plays a factor as well for the best pricing.  

If a dog is listed as German Shepherd even though it is also part poodle, German Shepherd is the breed you go with.You can reject animals based on breed, size, and other factors.

- Home insurance I heard is higher in FL- More landlord friendly I heardAny and all thoughts, critiques, suggestions, or whatever factors I haven't considered would be much appreciated.

Some are little more that assistants, some have the knowledge and expertise to drive revenue and create more value.