At the moment, this house loses me about $1,000/month with my living in it, but once the basement is finished, which will include a walkout and kitchen, and my interest rate matures later this year, this home will bring in about $287/month without me living in it.Soon to be 5 bedrooms, 5 bathrooms, 3,822 finished square feet.

At the moment, this house loses me about $1,000/month with me living in it, but once the basement is finished, which will include a walkout and kitchen, and my interest rate matures later this year, this home will bring in about $287/month without me living in it.

That GRI does include income for cleaning, taxes etc. though normally, which is really pass through expenses for the most part.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

Some people don't include the repairs in the first year Cash on Cash return however, not sure what the BP one does.You can look at your 'stabilized' cash on cash as well using ProForma numbers and estimating the rent and expense growth over the next X number of years.  

I would need to probably include farm profits in my calculations because the hope would be to eventually farm full time, but also supplement current income till I can move to farming full time. 

Was going to handwrite letters to property owners in my immediate area and maybe include a photo of my wife and I.Can anyone give me any suggestions on best practices?

I’m not a fan of including utilities as you encourage tenant waste and your property appears to be more expensive than the comps. 

As the owner of the land and the builder, would I be able to include all my expected profits with the cost of the land and then build "at cost?"

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.