It goes right below gross and is subtracted with vacancy to get effective gross income.  

I then applied this percentage to the average payout for each category after subtracting varying deductibles, for a comparative analysis looking at a few different deductible levels.

But what if we paid down the mortgage… the total expenses minus the mortgage is $37,446, subtract that from the $100,000 and you get $60,954/year or $5,080/month.

My guess is that you are just subtracting payment from rent and calling that cash flow.

Then we subtract estimated holding costs for 6 months which can be between $1500 and 3k or 4k depending upon the property taxes, insurance, utilities, HOA, and other holding costs.  

Subtract your debt service of about $5400/year, and your cash flow is likely in the range of $3600/year.

The mortgage payment is subtracted after you take the 50%.

Then enter taxes and insurance subtract from rents and that is what i entered as "net rental income".Transfer to income statement on another page.Bankers are sloppy about including full PITI, then taking off 25% of rents on top of that...still asking you for taxes and insurance.

Precisely what I am referencing.True economic policies affect the economy, but do not add to it or subtract from it, as government spending is not considered part of the economy.

Subject house has a few things I'm not sure how much to add or subtract from the ARV.