As a reference, we use X% of gross rent collected for the month (we exclude late fees from that), so if for some reason we didn't collect all of the rent for the month, we're not charging you X% of what the rent SHOULD be, we're charging X% of the rent you received that month.

Excluding that money will either inflate your ROI, CF, or both. 

Information required when applying for ICC Grant:letter of substantial loss from Town must state that home has sustained more than 50% of it’s value in flood damageTax Assessment from Town Appraiser (current house value excluding the land)Current Elevation Certificate (from a licensed surveyor)Color photos of house as isLine by line breakdown of new elevation work including foundation work and it’s cost.

Ask them what their current lot rent is and what else is included/excluded? 

Dancers are not a protected class - you may exclude certain occupations from your rental criteria so long as you're not targeting something that fits a protected class.

In general, loans that are not government backed (so excluding conventional home loans and some education loans) make sense to payoff rather than attempt to achieve a better return via an investment.Good luck

. $80k mortgage should be running in the ~$450 range excluding taxes and insurance. 

I also called my insurance agency and vandalism by tenants is excluded. 

Property insurance excludes pit bulls so I can not rent to Pit Bull owners.  

A quick guide is to use the 50% rule. 50% of the rent is going to all your expenses excluding the mortgage.Expenses = $3,250/monthMortgage = $5,400/monthTotal = $8,650/monthRent = $6,500/month (Year 1) $7,000/month (year 2)Cashflow = -$2,150/month (Year 1) -$1,650/month (year 2)After running through my own proforma with my own assumed expenses I get -$1,087/month (year 1) -$756/month (year 2)The 1% rule says you need 1% of the purchase price in rent in order to have cashflow.