So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

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You do have to be careful with how you represent yourself though: You don't want to run afoul of agency laws. 

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Talk to your tax planner.The money spend on education has to be carefully evaluated.

My favorite thing about condos is that someone else usually takes care of the yard, parking, exterior, etc... so I have less to take care of. 

Be careful out there!

Thank you and take care. 

Depending on the shift there was always more to do but that is really the bulk of it besides personal care. 

Nevertheless this happens all the time and most inspectors don’t care