If you don't have a quote from a lender, as a back of the napkin way of estimating how much cash you will need to bring to the table, I suggest using 30%.

IE if the property is in the city of Memphis proper you have county and city property tax  so investigate that a little bit.. if you buy just out of Memphis like just over the border in MS tax's could be lower or as stated out of the city limits.rule of thumb you dont need to drill down into these numbers  napkin math is simple for rentals. you will have about 40% to 50% of your rent  at 1200 and under go to the proper care and feeding of your rental.if its less over time great job you get the upside. 

We are hoping to find a real estate attorney that can handle a case involving a trespass in which an  illegal sanitary sewer cleanout and corrugated downspout drains were placed on my property. 

If you need to do a back of the napkin calculation today, try taking 36% of your monthly gross income and see if it can cover your monthly payments plus the PITI of the second home.

Of course, that is just back of the napkin advice as a general rule.  

That seems like a good deal to me, but those are very rough back of the napkin numbers.

My back of the napkin suggestion is you tell the seller you want to buy it empty.

I would assume it’s already below market as almost half fitchburg is. 4 people in a 1 bedroom doesn’t sound like it meets the sanitary code but that’s a different story.call MassSave which is the energy assessment auditing company for until.

Do some back-of-the-napkin math to see if your math makes sense.Cushman & Wakefield = invaluable for estimating inputs in your model.Don't take 'value-add' estimates without doing some homework.Parking lots can be expensive!

Thisis a back of the napkin estimation, just on a spreadsheet.We are in 8 locations and 5 towns; and we have used this approach todetermine upfront whether to invest or not.