Income and Costs (all numbers are annual)Nominal rent - 43.6kActual rent - 37.3k (14.5% vacancy.  33% turnover rate)Management - 4.5k (10.6% - could bring down with a PM switch)Maintenance - 5.0k (11.6% - ok, older building and a fair amount of tenant turnover)CapEx - 2.4k (5.4% - mostly plumbing costs: is that a worry?)

Yes, see an accountant!  

I love listening to the podcasts, so I have created my account to get more involved, so I wanted to introduce myself.

Are landlords required to keep the security deposit in a non-personal account?

Hi everyone, I'm currently a senior at CSU Chico with a major in accounting.

If your parents give you money, and it's been in your account for 2-3 months (I can't remember if this is lender-specified or a rule that everyone follows) then it is considered your money not a gift, and you don't have to prove where it came from.

Originally posted by Account Closed:Hi all,New to biggerpockets here - I am setting myself to get into wholesaling in Maryland.

is accounted for is probably the most challenging factor.

@Lisa Lanata are these annual or monthly numbers?  

The expenses of running an apartment property include vacancy loss, maintenance, repairs, management, accounting, legal, evictions, depreciation, landscaping, make ready, utilities in common areas, extermination, insurance, property taxes, building code violation fines, permits, usage fees, security, management, leasing fees, etc.