Other homes would be expected to be in the $70,000 - $100,000 range for these same components with the balance of the mortgage held by a bank.Below are actual revenue, expense, and NOI numbers for this home which we would use as a model for further acquisitions.Property Management is high, it costs a bit to manage the placement of multiple tenants, handling of disputes, and collection of rents as well as mange the cleaners, landscapers, and handymen.The 2.5% for maintenance, and 5% for capital expenses would be variable but should not be much higher than 5%.

I am using this time to gather knowledge, learn, and collect a down payment, and a small war chest.

I use and love Cozy (apartments.com now) for applicant screening and rent collection.  

This choice and the freedoms it affords optimize for liberty while arguably stabilizing the system for the collective.

During the height of the pandemic with the Eviction moratorium some small investors that owned 4-6 properties with maybe 16-30 units found all their tenants default on them with no way to evict, no way to collect rent, and burned through their life savings of $150-200,000 trying to save their investment properties.

I spoke with an accountant and he said I will be taxed on this rental income as ordinary income because i am collecting the money under my name and not a business entity so I cannot make any deductions or write offs.

After 8 months of "trying to contact me" hahahaha, BGE sent the bill to a collection agency.

You can get credit report, national background check, tailor a lease application, and even collect rent through it. 

I have some coin op laundry I collect bi weekly.

I collected $2,000/yr total for 13 years. ty Andrew