Great area - here are my numbers: Monthly Annual Purchase Price 168,500   Monthly Rent 2200 Cash to Close (20% + $4k close costs) 33,700   Annual Rent 26400                 Property Tax $375 $4,500     Insurance 100 1200     Mortgage 835 10020     Vacancy (5%) 110 1320     Repairs (5%) 110 1320             Total Expenses $1,530 $18,360   Net Income $670 $8,040   Net Income without Mortgage $1,505 $18,060       Cap Rate 5%       Cash on Cash 24%    

In fact, not only will they buy me the house (paying the mortgage) but they can pay for my retirement contribution, purchase me a new car, pay for my annual vacations, my medical insurance, my kids college tuition.

I can offer a list of services I would expect:Leasing fee covers:PricingMarketingMedia advertisingMember of Multiple Listing Service  and syndicated to numerous internet marketing toolsRealtor referral networkOn-call 24 hours including weekends and holidaysShowing, screening and negotiatingCredit reportsThorough background checksDocument preparationManagement Fee Covers:Move-in/move-out coordinationMove-out inspections with digital picturesEnforcement of lease termsTenant public relationsTimely rent collectionComputerized accounting and property management systemsFunds managed by a trust accountTimely disbursement of funds to ownerMonthly statements covering all activityCPA ready annual consolidated statementsScheduled property surveysMaintenanceProperty Repair Services24 hour on-call service for emergency repairs including weekends and holidaysRepair “help line” service at no costReputable maintenance personnelVolume pricing on supplies and servicesSpring A/C service and lawn treatment at owner’s optionUpdating, decorating and refurbishing if desiredInstallation of security devices (locks, etc) as required by law

Hello,I am hoping to get advice on whether or not I should switch my home from a typical annual rental agreement to a vacation rental. 

Grandparents are also contributing to a 529 in our daughters names as annual gifts so they can get the tax benefits in their state.  

I'm happy to answer questions on how my clients are earning ROI's in the "teens" in an annual basis.

I am trying to complete the application for Trade Name and on question #4 its asking me, Do I have a personal property account ( " L " number) and if no it's directing me to complete an annual personal property with the State of Maryland Assessments and Taxation Department and I have no property to report at this time.

HELOC can free up the additional 10-15%, but comes with a price (fees, higher rate, higher risk).It may take a while to save another down payment on annual positive cash flow from 1 property, depending on your numbers.  

With a 130 hoa and taxes at 400 annually this place has done great for me.  

The rent can compensate depreciation.With a median annual salary of $51000, rents lower than $1400 are affordable for the majority of the US population.