I change toilet rings; fix water leaks; paint; collect the rent; evict deadbeats, etc.

Now why is it my car today gets less gas mileage than the Model T?

You'll waste that much in gas with just 2 no-shows.Here's an example of our info sheet:

Property Cost $200,000.00 Repairs Needed $50,000.00 Number Of Units 10 AVG Rent Per Unit $475.00 Gross Schedule Income $4,750.00 Vacancy Allowance 10% $475.00 Gross Operating Income $4,275.00 Less Operating Expenses Accounting $25.00 0.58% Advertising 0.00% Insurance $125.00 2.92% Lawn / Snow $- 0.00% Repairs $85.50 2.00% **Since i guess high for repairs, i lowered this down to 2% Monthly Taxes $458.33 10.72% *** Renter pays Utilities Electric $- 0.00% Gas $- 0.00% Fuel Oil $- 0.00% Water / waste $- 0.00% Total Operating Expense $693.83 16.23% Net Operating Income $- 0.00% Property Cost With Repairs $250,000.00 25% Down $62,500.00 Additional Cash Down $- Remaining Balance $187,500.00 Gross Operating Income $4,275.00 Monthly Mortgage $1,875.00 Total Operating Expense $693.83 Monthly Profit $1,706.17 36% profit My formula always shoots higher on the cost to protect me.

I learned from it, and I can tell you it will never happen again, but I am not blaming the other party, just myself for being to inept or trusting to prevent it.In this case, yes the economy would be slammed if they went bad, but just like with Gas Prices, I think it might be good for us.

It is too overwhelming for them to do that on their own and with gas at $4.00/ gallon +, most are choosing to use a real estate agent who can easily pull together properties and drive them around.

A few industry notes:Last month HostGator had a major hack - 50,000 credit cards leaked and posted online.Blue Host has very slow servers.We are using HostingDivision.com as it's SEO friendly.....

Got a call from a seller and here's the info: SFH that he described in good condition, needing updating on the finished basement and the bathroom as well as a new roof probably (mainly b/c it's old, not b/c it's leaking).

I've got access to hardwood floors quite cheap, and I figured that would be one thing (much cheaper than carpet).Would you go electric or gas for heat?

At least I got a few bux for gas on that one.Luckily I held out and found a great tenant a few weeks later.