Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy,  When a property is not “in service,” it means it is not yet available for rent or generating income.

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

Open houses are typically used to generate leads, not sell houses.

There is a company names Hemlane that offers that "light PM" service that may be interesting for you instead of a full blow PM company that may cost 7-10% of revenues.

Buildium streamlines the process by generating screening reports for us.

I would like to start generating some passive-income and start with some residential properties in my initial portfolio.   

Hi BP, would like to hear feedback from all you folks in or near the Kansas City area,Currently I'm looking for a software to help me generate leads, but there's so many of them to choose from, I don't know which is best suited for my area.

I find the revenue to be more than enough so long as I maintain a certain portfolio size.I appreciate you sharing your though!

When you have enough data over a long period of time, there should be enough to generate a useful score. 3.

Quote from @Roy Gottesdiener: I own a rental portfolio that generates around $1,600 in monthly cash flow and has $400,000 in equity.