Remember, the list of bills that you *don't* have to pay right now goes on and on - electric, gas, phone, cable, water, garbage/sewer, house/renter's insurance, property taxes, maintenance, etc.So I guess you should follow your dream but make sure you're going in with your eyes wide open and that you have a reasonable plan.

Add in all the items that are unlikely to last 15 years like refrigerator, dish washer, paint, garbage disposals, etc. and you can see why a kitchen alone cost ~$50/month.  

Everyone had garbage bags, boxes and gloves.

Then I am left with the garbage and only made 600 a month for 18 months.  

Maybe I could ask for that for any invoice but - to be honest - I really don't want to review bids for fixing a garbage disposal if it breaks.

Here is the break down on the numbers (P&I) 492Property Tax 117Monthly Insurance 71(Vancancy) 83----------------------------------------------- $863Rental income $1000-1100The above figure does not include the following Water, garbage nor landscaping

Then pick C.The first tenant expects the plumber to show up within 2 hours of calling you about the garbage disposal quitting.

In my area of Portland owners are required to pay garbage.

kamleshg,You've got to be very careful with property analysis tools because they work on the GIGO principle (Garbage In, Garbage Out).

Water/garbage is included in rent.Comps indicate the value after fixed up is ~$200K.