Generally, you'll have net worth requirements, some require cash or closely follow the qualifying assets of a qualified investor under SEC but at lower amounts, meaning you home an car and other assets may be excluded, they want cash or securities.

@Charles McPherson typically the Auction.com rules specifically exclude the bank/owner rep from bidding above the reserve price.

Unless the HOA requires a certain person to do the landscaping I'd exclude that, have the tenants responsible, also like @Roman Paksaid, the insurance is high, get with your agent, get a policy for a rental & require the tenants to obtain renters insurance..

I am not aware of any legal ways to exclude rental income from your tax return in the scenario outlined in the original post.

If you check the fine print of these prepaid legal plans, a lot of them will exclude coverage of business matters or landlord matters, etc.

From the text of the case:...That exemption specifically excludes from the commission's jurisdiction those transactions involving real estate which is either owned by the party or in which the party has ‘an interest in’, or which is ‘acquired on his own account ...So in the last decade and a half, the Ohio legislature has changed Ohio law and removed the phrase "...has ‘an interest in’..." from statute in the context of as an exemption.

(excluding taxes and insurance) Gross income / 2 - debt service = monthly cash flow.My mortgage calculator is showing a debt service payment of around $700 with 20% down and 5% interest, in which case I'd say this deal is definitely worth looking into further.

I want to be conservative but don't want to exclude a property because I over estimated expenses.All your feedback is greatly appreciated - I'm learning a ton just through this post!

Excluding the cost of the land we came in @ $85/sq ft rather than the $130-$200 quoted by several.Good luck

A cash flow analysis can be as simplified as your home budget excluding equities or economic benefits or complicated to include projections, like expected loss of rents, repairs and the use of cash with other benefits.