DerekTriple net is Taxes, insurance and maintenance that is passed through to the tenant so the owner still pays these expenses and they are reflected on the P&L as operating expenses like any other property. 

And it’s a low car, a lot of pot holes.

It is fully paid off building located in Detroit area, generating about 140k/yr net. I

Owning multiple rentals seems like a fairly obvious (I hope) situation where the net is what matters (imagining one was positive and one negative). 

The last thing you want to do is to dump that whole pot into one thing.

I am surprised they havent put a limit per person. for those with noses full of dust, i strongly reccomend a neti pot, get distilled water in gallon jugs and the special neti pot powder mixture, it cleans all the junk out of your nose and sinuses.

At the end of the day it won't matter too much because i assume all your LLCs are pass through and it sorta ends up in one pot. 

Not only did you get the pot of gold at the end, you also had 5 years of principal pay down, tax beni’s, and monthly cash flow.

You couldn't really do that working in finance(They made me expire my Real Estate License)... so I created a 18month plan that should hopefully net me between 5 - 10k a month net... I

Even though on the surface does not meet the 1% rule the net is as good if not better than most markets becasue of these things.. especially HIGH tax rate markets like Texas and or other markets with a lot of weather concerns or 40 to 50 year old housing stock.. regardless of full rehab..