This is calculated after accounting for all expenses, including taxes, insurance, utilities (water, sewer, garbage, electric, gas), and an allowance for maintenance costs (typically 5% of gross rent, adjustable based on the building's condition), as well as management fees.I invest in the Binghamton, NY area both as an investor and as a realtor.

Lots of investment in the region as well so hopefully quality job growth will continue.

Raleigh/Cary is what I know well, but the competition is steep.

Following this as I have my license as well in a similar boat.

Jeremy Congratulations - I grew up in that area and cost of housing has skyrocketed while incomes have not, so there definitely is a need for affordable housing in that area (as well as pretty much everywhere else)

Midtown refers to a specific area and it's quite desirable. 1/1 MTRs would do well here IMO.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

If you are looking OOS, we can talk more specifically about Greater Cincinnati as well to see if it is a good fit.

I have the funds available today for the purchase of a rental property as well as a primary residence, but I also want to set myself and my wife up to reach financial freedom.  

Then, for example if you don’t provide a fridge (which we recommend you do not), you will deduct the amount for the fridge as well.