doofus, it is subtracted from PGI. 

I purchased the property after the bank appraised it at $920,000 based on the 153,000.00 total collected and subtracting the expenses not including the Cap Ex or debt service.  

When you buy the property, you should factor in interior paint depending on where you got the property. i.e.Buy an offmarket house from a distressed seller...you calculate your MAO then subtract [insert number for what it'll cost to paint house + trim...in GA, you can get it done for $1.5-$2/sq ft). 

It's not going to do you any good to add a fence if it's not standard for the area, but it will subtract from your value if it is normal in the area and you don't.  

Usually doors and windows are not subtracted because they take more time to cut out. 

I have written a letter out, can anyone tell me if this sounds good or if you would add/subtract anything from it?"

You don't want to celebrate getting rid of her (addition by subtraction) only to get sued a few months from now.

Now subtract esimated repairs, vacancy, etc, and that gets you your net rental profit.

Keino Chichester so you are saying I need to take the total income and subtract the total debt and that number needs to be at least three times the tenants income?

I would subtract the cost of mailing the 2nd time.The money is not yours and you should try to return it.