Ideally, you want to be cash flow positive (not including depreciation), but then be negative when including depreciation as you can use the paper loss to reduce your tax burden.

The profit would only be calculated after all cost to include closing cost (realtor commissions included) were deducted.

Many people claim you need one for risk mitigation, but you can get an umbrella policy on your homeowners insurance and mandate your tenants get renter's insurance with you included as an interest or insured to help mitigate this.

Obviously aware of the major costs to consider (down payment, insurance, closing costs, etc) but was looking for help on other costs to include during that evaluation.Rehab costs will be specific to each property but just wanted to make sure there wasn't anything major I was missing! 

Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

The postings created by a property management company will likely include the property management company's information in the description (they may even have their name watermarked on all of the listing photos).

The code includes option contracts or any agreement where the buyer doesn't have significant consideration in the deal to be suspect.  

Trying to understand the Net Profits Tax structure and filing and I have a few questions:1) My understanding is that out-of-state rental income is subject to NPT though a credit is applied for any taxes paid to another locality (state tax not included).

28 months to make up $700 increase per month at a $20k rehab (which depending on scope, may be underestimated).this doesn’t include lost revenue from vacancy while completing the rehab. 

In addition to what @Manny Vasquez said, which is correct, Capacity includeds the age and abilty to enter into a contract.