Income is $45,600/YearExpenses is $24,680(Taxes, Insurance, Utilities, reserves for vacancies and repair)So NOI is $20,920.After Mortgage is paid I have a seamingly attractive Cash Flow of $355, that's $177.45 per door!!

This is why motels give you till 6 p.m. on the day of check-in to cancel your reservation.

Discuss how much cash you are putting down and what kind of reserves you have if the project gets in trouble.5.

. , for your kind reply, if for nothing else, just to confirm I posted correctly, lol, no but seriously, thank you for the link, I will check that out right away, make it a great day!

Here are the numbers for the property, located in metro Detroit area (Ferndale):* 3 bedroom/1 bath * Rent: $800 * Insurance: $29 * Taxes: $104 * Vacancy (10%): $80 * Reserves (25%): $200 * Commercial Loan Payment: $160 * Cash Flow: $227* Out of pocket expenses: Down payment ($8,400), Plumbing/Misc ($1,500)The numbers are good, but are the numbers “great”?

My calculator assumes some slightly different numbers: Property management is 10% of gross, Repair reserves are 10% of gross and $50/annual permit fee.

Keep in mind, in writing the book, I would not be surprised if he change "unimportant" elements of the book to reserve privacy.

You'd have to confirm. 

HVAC and Roof will be your two biggest potential nightmares, but also factor in a generous psft upfit allowance and make sure you have the reserves to stomach it in case you find excellent tenant who needs upfit.

By then I should have a nice chunk saved up for down payment and reserves.