Expenses as %age of income69.34%NET OPERATING INCOME11,284(NOI) excluding financing costsNet Operating Income11,284 -Yrly.

Deed Book 37354, Page 612, Plat and Deed are a part hereof excluding rights-of-way and easements.

A loan secured by real estate is specifically excluded by individuals.

I get the $8k, and I see why they added the additional $6,500 credit to incentivize people to buy a new home, but again, why exclude other current home owners from getting credits on a new home purchase?

For example, when I compared it to:http://www.incomepropertiesportfolio.com/ari-prope...I see Ari Properties didn't include depreciation as a line item in their expenses.I could imagine that a huge company like Equity Residential could negotiate much better bargains with contractors and materials than I could as an individual, so their 36% operating expenses excluding depreciation seems to be in the right ballpark, in my mind.I also took a quick look at AvalonBay Communities.

I would hate to have to exclude all of them.

The one thing I have learned, that I think all the rental proponents don't mention is that you need to figure 30%-40% of rents go towards expenses which excludes a home loan note payment.

It is as important exclude some things.

Even if we were to exclude Norway due to its large oil revenues, the rest of Scandinavia is wealthier than Germany, France, the U.K., etc.

Some commercial policies exclude VMM outright so you'll need to pay attention.