Mike can not point you to such statistics as they do not exist.Here is a statement from him he repeatedly posts:The 50% rule simply reflects the fact that throughout the United States, operating expenses run 45% to 50% of the gross rents.News flash Mike, you do not have personal knowledge of OE of hundreds of thousands of units acrosss the country and the results are not collected , printed, or published by any source whatsoever.

Then you need advertising money to find your investor/buyer (classified ads, signs, etc).Your biggest expense will be the marketing costs to find a deal in the first place.

Some take months, depending on who is doing the work, how much needs to be done and what you market is like.You can finance the project via any source of funding.

If so, you're likely one of the best landlords in the country, and I would recommend buying much larger apartment buildings/complexes where you can make a LOT more money...My biggest concern based on your answers is that if you're doing all the work yourself (leasing, maintenance, turn-over, landscaping, evictions, etc), you're probably spending at least a third of time time (if not a lot more) on this one property, and this one property is only earning you $20K per year.So, you basically have created a job for yourself, that's earning you less than $60K/year.

was it in cash or other fund source?

He is always polite when I encounter him but he is the source of the friction at the property.

If it is not too much to ask, can you give us your source for the article?

:D)I'm buying the property primarily for anticipated appreciation, and whilst the cash flow is nice, I have income from other sources.

What is the source of your intel?

If you have enough in an HSA then it can be a source to invest in real estate.