These are what his numbers are: Value $369,000, Gross Rent $72,749, Total expenses $49,682 Net $23,067.

So when they say they charge 10%, it is really 15%-18% of the gross rents. 3.

 $12,000 in gross income, less $2,400 in expenses = $9,600 yearly return$9,600/$100,000 = 9.6% cash on cash returnFinanced:$20,000 down - financing $80,000 at 7%Monthly payment (P&I for 30 years) $532With Taxes & Insurance $732/monthNet income: $1000 - $732 = $268/month * 12 months = $3,212/year$3,212 / $20,000 = 16.08% Cash on Cash returnI would also point out that interest payments aren't really a negative on the financing side, because your tenant pays all the interest.  

Chris is the mastermind is more of an education type bizz.. then overhead to market can be pretty high at least 50% of gross revenue.

Gross 6000 monthLake cottage 1 note of at 65 5%.

these days buying any free standing SFR with rents much less than 1200 a month is simply not enough Gross revenue to run the railroad.. 600.00 rent on an SFR your going to lose your rear end through cap ex and maintenance.

Pre-internet, being a landlord wasn't easy, but it was straightforward (this is a gross oversimplification).

If I go by the 1% percent rule a home that cost 200k would have to gross 2k in rent, Homes I've seen typically rent for 1450 - 1550 max. 

I have no debt, a good stable job making about $60k+ gross, and $20k saved up with about $10k in my 401k that I'm thinking about using some if not all of it towards the closing costs of the home I want to buy.

.- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.