Asking 350k 12 unitsScheduled Gross Income: $72,000Vacancy (5%):$3600Effective Gross Income: $68400 Maintenance: $7200 Taxes: $12,600 Insurance: $1,200 Other Expenses: $10,600 Total Expenses: $35,200Net Operating Income: $36,800/12=3066.66350k@8% for 20 years=$2,927.54balance=139.12/12=11.59 per unit not stellar by any means, but in the black.

When the property is in foreclosure the bank is still only the lender and is not the owner.Recognizing the subtle differences is important when you are working short sales, foreclosures, REOs and other ways to buy and sell.By extension a bird dog is operating illegally if they are trying to be paid based on the successful completion of a RE transaction between a buyer and seller where the bird dog is not a principal.

Operating expenses include taxes, insurance, management, maintenance, vacancy expenses, advertising, utilities paid by the owner (at least during vacancies, rehab, etc), evictions, court costs, entity maintenance, legal fees, common area upkeep, lawn care, snow removal, office supplies, damage done by the tenants (in excess of the deposit), lawsuits, capital expenses (although not technically an operating expense), etc, etc, etc.

I also use the 50% rule on gross rent to find the operating expenses.

Because that seems to be the most flexible option for me where the LLC can be operating in whatever capacity it does and my IRA simply makes a portion of the profits.Obviously I'm looking for the most flexible option here, which is the whole reason to go to an SDIRA for me.

are their coin operated machines available/other possible INCOME that is not being fully sought?

Are you looking to be a foreman or operational guy for investors?

I'd like to see purchase price, gross rents, operating expenses, and any other fees that are involved?

If you are operating outside of your local market then modify the process.Until you know what the 'customer' wants you will not be able to find it.

Positive cash flow is determined by subtracting ALL of the operating expenses and the mortgage from the gross rents.