If the property will be listed and sold, it tends to appraise much higher than if the owner wants a HELOC or refinance.To get the most accurate ARV, it seems you have to subtract almost 20% for HELOC and refinance.

On that same token, when an inherited tenant leaves, I only subtract tenant-caused damage that happened after I acquired the property. 

I wonder if I'm still allowed to subtract it out of their security deposit after their moving out date?

This means that you need to acquire one or more replacement properties valued at $910K or more (this is ignoring routine selling expenses that can be subtracted from the $910K).

Manager can then collect the revenue, subtract cleanings and management fees, and distribute funds to owner at the end of the month. 

its 12K with the 1K fee subtracted and you almost certainly won't refinance within the year, so its actually 10k after you add back the first years 2K. 

I typically subtract 3%, of the ARV.Realtor Fees: What is the commission you are willing to pay your listing agent (unless you are the listing agent) and the buyer's agent.

Four units and below they will appraise the buildings but they may subtract for them being on one lot (in my experience).

Subtract from the rent all your expenses:Mortgage payment, taxes + insurance (expensive in NJ, even in P-burg), repairs/maint/capex, a percentage for vacancy.

Below is some basic info on DTI to help.Debt to income ratio is the monthly payments you owe subtracted from the income coming in.