Account Closed Well, maybe i'm not using the definition of turn-key correctly - the property was "near" turn-key as a purchase, but I didn't go through a "turn-key service".

The "ops" company provides services, has employees, and character of risk of loss is different than the holding company. 

Especially if its very old and used an older refrigerant.  

Once you approach 10 gpm electric power demands would be prohibitive for standard residential electric services. 

Annual numbers are:Built in 1984 - Seems to be a B class complexPotential rental income $900K-$1M gross6% vacancy ($60K), $20K addition income from vending/laundry - no other amenities, $65K taxes, 5% ($50K) Capex, $28K Insurance, $16K contract services, $90K payroll/staffing, $150K repairs/maint, $6k utilities (tenants pay their own), $10K accounting/legal, $5k advertising/marketing, $100K (10%) PM (is that redundant with staffing?)

Looking for contractors for make ready service in City Heights.

I currently own a maintenance company here in the Tampa Bay market that services commercial and residential homes through either Realtors, Property management companies,  and large REIT's.

Hi Eric,If you are talking about your personal tax liability (at the federal level), the formula I use is: NOI-Total Debt Service= Cash Flow; Cash Flow+Principal Payments Added Back (on debt service)-Depreciation=Taxable Income/Loss. 

Originally posted by @Jerry Starr:https://www.realtor.com/news/real-estate-news/u-s-rental-rates-flatten-major-cities-supply-floods-market/ U cant have a million plus foreclosures that were mainly bought by investors and put into rental service.. developers building new apartments and not start to create a over supply issue.. that's just basic math.. so really depends on population and job growth in a given msa to see where rents go or stabilize or shrink.

I agree that the best thing is not to spend $250K on a reno and try to collect $2600 or more in rent.Years ago we decided not to live or do rentals in Ridgewood due to the lack of subway service to Manhattan.