Allowed this deduction from Income for my time) ($1000 for insurance - complete guess, no idea, have to verify) ($1500 for miscellaneous) NOI = $16,023 Also, I contacted a few real estate agents in the area and found CAP rates to be around 7.5-8%...in this case, I am using 9.5% as it is vacant, rundown and hasn't had much success as a rental property.

Fairgrounds/Amusement Parks/Entertainment FacilityOr maybe something even more different!

Thanks for the responses guys, i will continue with my reading, and keep seeking knowledge, the only debt i have, or will have is a truck payment, i am using that along with a credit card to help my credit line, i dont abuse the credit card ( anymore, when i was 18 i maxed it within a month, wont do that again - Good thing it was a 300 dollar limit, but man the interest!

I am using an online company to print and merge the addresses, their column order and heading names are slightly different than my spreadsheet so I download their Excel template and copy my data over into their template.

I could take my property manager or realtor's word for it but that may not be their area of expertise.Also, I am using David Greene's Long Distance Investing book as a guide so I may never actually see the house. 

I recently exited the Army and am using my MGIB to go to school.

I am using the online version for my rentals.

The reason I am using FHA is because I was not able to get conventional financing at 5% down for 2 units.

The first property is paid off and I am using the Four Square Rental Property Analysis pdf. that is listed on the website to get a quick idea on what my Cash on Cash Return% would be. 

She took 1/3 of first year savings as her fee.This is why I find it amusing when people talk about appealing the taxes on a house in Cuyahoga County on a flip that they are working on.