Lets take example 50k rental income for 12 months, property 7k taxes, lets say 5k expenses incurred (roof redone, plumbing, cleaner, pest control, washer dryer bought, fridge bought etc - not really sure what qualifies as expense or not)and depreciation is?

Wilmington, CA (Southbay area)Duplex (total 3br/2ba and no shared walls) for $360,0002/1 + garage for back unit (650sqft)1/1 with full front yard (550sqft)Repairs none, this place is completely updated (granite, laminate floors, W/D, DW, fridge, micro, oven/stove) and the inspectors were extremely shocked in the condition.VA loan so 0 down (will stay here minimum of 6 months before leaving)Closing cost  $3,500Gross monthly income is currently $2,700/moyearly lease agreementsvacancy I believe will be low, its in a great area as in... plenty of longshoreman and refinery operators always looking for a close place to live.If I miss anything please let me know, I've already ran numbers but I'm new to this and can easily make a mistake! 

In the case of fridge handle, and many other events followed, I followed the greater view expressed here and replaced/repaired things free of cost.

I asked her what is going on, and she started to tell me the roof is leaking, the fridge is broken, the A/C quit working, and so on, and she doesn't get home owner's insurance because it is too expensive.

She was paying on time but the cockroaches were spilling out of everywhere..including her fridge!

The basement currently has: living room, bedroom, and two more separate rooms (one with the washer and dryer in it, and one with a fridge in it, that looks like it's been used as a dining room) - both of those extra rooms have plenty of space to be made into a bathroom and a kitchen.2.

Just FYI, a fridge or a furnace of a 400K property cost the same as the ones in the 900K property.Good luck to you!

Our go to appliance repair guy has done that a number of times for us.As an aside I NEVER use needle valves & as most of our plumbing is now Pex I use a shark-bite T & run stainless covered water lines to the appliance with a shut off at the T & behind the fridge if its a distance.Good luck...

He says there is 1 unit with nothing but a mattress, mini fridge, and a microwave.

Another option that I’m working on is when the tenant moves in the fridge is there’s.