And then you owe the rest at tax time (10-30% depending on the state you're in I believe).

The area is about 2 blocks from the incoming Worcester Red Sox stadium coming in. I

I look for deals with a CoCR of 10% or better.The CoCR formula is pretty simple: Annual_Cash_Out / Annual_Cash_In.Annual Cash Out is typically Rents minus Expenses (Maintenance, Management, Taxes, Insurance, Repairs and Capital Expenditures) minus any Debt Service.Annual Cash In is Acquisition Cost plus Closing Costs + Rehab Expense).So, when I'm presented with a possible rental deal, I assign numerical values to all these variables except one: Acquisition Cost.

I know if we're truly worried about leaving money in the deal then we should be buying with more conservative margins, I'm not worried about leaving cash in I just want to be more accurate. 

The market I buy and hold in is very "affordable" ARV's ranging from 90-140k.

It’s been on the market just 3 days with 6+ showings so I’m feeling pretty good.I’ve got a lot of work to do on the new house which is a single family, walking distance to mass transit, but once we settle in I want to start looking at more opportunities.Jim

The area it's in is one of the most lucrative areas in NJ with average home values going up 25% in the past 2-3 years. 

I do most of my business in Placer, Sacramento and El Dorado counties as thats where 99% of my agents market in.  I

Real Estate app that I look SURF almost daily and I spotted a house that I was interested in. I

You should be able to setup a reoccurring payment that takes the percentage out every month of what is coming in. I