Invest that money, multiply it, then you won't need a J.O.B anymore.

. = Sales Price divided by total Sq.Ft. or GBA (Gross Building Area)GRM (Gross Rent Multiplier): Sales Price divided by Annual gross rents. 

The tax is from the county website, and it actually says 1800 I just rounded up.The insurance I calculated by what seems to be an average for what other people say they pay for 10 Plex apartments, but I did not multiply my number by 12 to get a years estimate, so I'll adjust that in my numbers. thank you again.I am very familiar with the area, as I was born and raised here. the apartment complex is 2 blocks away from a small college and is considered to be on a good side of town. about 5 minutes away from all stores in town@Kenneth Garrett I adjusted the insurance as I mentioned above. the information I received from the realtor and property management company includes rent, property management cost, maintenance, deposit, and I can deduct vacancy all for the past year and a half.I appreciate your guy's input and you have helped me identify things I was missing.

They only count 75% of your rental income, so when you add in your rental income, multiply it by .75.  

Net after year 8 = $26k...and you have 1 propertyNow if you want more properties, just repeat the process...which also means you need "new" cash for every new deal, which carries the same negative net results...just multiplied by the number of properties.

I understand the 70% multiplier differs between areas but that doesn't address if the percentage is enough!

Then multiply that number by whatever tax bracket you're in to get an estimate on how much you will owe in taxes.

All automation does is multiply the our productive efforts.  

So you can multiply gross sales by 7.5 to 8 to get rough estimate of value.

Our median home price is roughly 4 times the areas median household income, which is what one would expect when Fannie Mae borrowing guidelines is that you can borrow roughly 4 times your income.So Id take your estimated salary...multiply it by 3 or 4 and target properties/neighborhoods at that price point.