Basically what you are left with after adding back all these items is the gross rent less any deducted expenses, and then the PITI and HOA dues are subtracted to come up with a net monthly net income figure to use to qualify.

Another way to look at it is to figure the cost to add a second water heater and furnace and a second meter, and subtract that price from what you would offer if the work was already complete.Hope that helps!

Alex Rental Income 2015 41316.00 Subtract Vacancy 5% 39250.20 RENTS 2015.00 910.00 873.00 860.00 800.00 Expenses Property Insurance 1834.00 Taxes 3350.00 Total Insurance/Taxes 5184.00 Legal Legal Fees 120.96 Evictions 177.19 Permits 344.00 Total Legal 642.15 Maintenance Labor 1650.00 Appliances 250.00 Lawn & Snow 307.50 Materials 1570.00 Pest Control 400.00 Total Maintenance 4177.50 Utilities Gas/Electric 1860.00 Trash Disposal 1184.00 Water & Sewer 2006.03 Total Utilities 5050.03 Total Expenses 15053.68 Principal 1410 PMI 212 Mortgage Payment 1622 Cash Flow $394.38 FHA Loan Details 310,000k 10k seller assist (covers closing costs) 3.5% down (10,850) 3.75 interest

At my "day" job, our insurance covers multiple parcels of real estate in different areas (though all in the same metro area), and this would be great for me because it would allow me to just add another unit (or subtract one) from the policy as I acquire/sell properties, be easier for recordkeeping, have one payment per year for all insurance, etc.

Subtract four points and you get $77,280 from the loan.

I typically subtract 3%, of the ARV.Realtor Fees: What is the commission you are willing to pay your listing agent (unless you are the listing agent) and the buyer's agent.

I have been told sometimes that I can add my rental income to my total income to help qualify for a new property, which helps somewhat.I have ALSO been told that I can subtract my rental income from my monthly mortgage expenses, more like a business.

Subtract a certain percentage or amount from you gross income.

Whenever I try to figure out my net income I take my gross income and subtract 20%(30% if doing property management) right off the top for vacancies and repairs, then subtract taxes, insurance and debt coverage.

Would you determine that as a percentage of the fair market price, or are you just subtracting $X dollars from the fair market price?