Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money. 

@Ben Syzek,Congrats at the decision to start learning about REI. 

I have found that by switching to soft copies, I work much faster, and it speeds up the exchange process.

If your gut is casting doubt on it, you need to listen - even if you can make mathematical sense of it.

I think my main pain point is underwriting the property as it is and then seeing what it could be and then making decisions on if it's worth and how those decisions are made.  

But personally I think seeing the numbers makes you know the numbers much more than a report.

Market UpdateFor the second time in as many months, the Federal Reserve is on deck this Wednesday with a decision on whether to cut the Federal Funds Rate.

We are starting the process of analyzing deals, making a plan and executing on it. 

If they don't want to stay, they must give notice in writing and be out within 30 days.Give them a deadline to make the decision (one week is sufficient).

Needs new everything floors, kitchen, bathroom, paint, roof, landscaping and also has termites and a tentant that's not currently paying rent, for a 1000 sqft property they want 160,000 for it, but my comps say for a rehabed house in similar sqft property in that zip code would sell at 220,000k and I would say it needs atleast 65,000 to 75,000k in repairs so my offer price was at 100,000 to 110,000 and the buyer will not entertain my offerI would like to offer more but if there are any surprises I'd like to be prepared for those cost during the rehab process.