Just trying to figure out if it will drain money or if I can even make a decent amount of money.

Absolutely no amount of due diligence on my part in 2017 would have revealed the negative effect of COVID on the industry.

Hey @Reid Laliberte,That's a heck of a deal and I'm sure you have a good amount of equity in it now.

Because the property tax as a non-owner occupied property is about 3-4 times the amount of a owner occupied property.  

This is platform for professionals and novice investors and you will learn a lot of valuable, hard-earned lessons in a short amount of time.

That is a big difference in the amount of wear and tear on a property.

Let me do my best to break it down into bite sized chunks.1) Your property tax increase is going to be 2% of the original assessed amount that breaks down to be .024% of the purchase price.

I let it dry, then lay down copious amounts of diatomaceous earth into the gaps to discourage bugs.* Day 4: Maintenance responds to my pest control request by spraying a $30 bottle of Walmart roach spray around the house like I couldn't and didn't do that already. * Day 5: I find a live roach on my windowsill the next morning.Currently: One bathroom is taped shut and not working.

They say the average amount of water per day a person uses is 80 to 100 gallons , Lets call it 60 to be conservative .

If you base your tenant charges on the historical average, you should come very close to collecting the entire amount over a one-year period.Charge a higher rate.