This is more a rule for single family houses than apartments, but still a good rule of thumb for apartments as well.You can argue whether an experienced landlord in specific locations can ever get expenses lower than 45% on-average, but I think 99.9% of experienced landlords would never honestly believe you could get expenses anywhere near where you have them (25%).You can take Mike's advice and plan for 45-50% expenses (he has dozens of data points to support it), or you can stick with your own estimates, and consider it a learning opportunity a couple months down the road...Good luck!

(No break to investors.) http://www.whitehouse.gov/news/releases/2007/12/20071220-6.html The derog will be reported to the bureaus as Score Factor Code #22--"serious delinquency, derogatory public record or collection."

Using historical data, census bureau for income and NAR for housing prices, from 1968 to 1999, housing prices averaged 2.769 times yearly income.

Like the two weeks lost rent between when mine was rent ready and I actually began collecting rent.

How it would work is that the master lessee pays me (the owner of the property) $170K pa, and in return they have the right to collect all rents, and the obligation to perform all management, repairs, etc and pay all operating expenses.

I run a market data analysis company for investors, and we track a great deal of multifamily information including cap rates in a number of markets.

Now, if the investor defaults, the lender must attempt to collect the debt from the original owner.You should do your homework on this one before you add it to your investment portfolio as it can be quite complicated and considerably more risky.

You simply must have a self-directed account and then you may invest in anything you choose, excluding life insurance policies and collectibles.

No buyer will buy a house for $250,000 if he can get the same thing for $230,000...regardless of what has happened in the past...unless they are ill-informed.In addition, be careful about "sold" data that a realtor gives you from MLS.

He makes money from collecting a buyers side birddog fee along with 1000 from me.