Gross rent- Mortgage-Tax-Insurance= Cash flow.

Gross reciepts of 45000-50000 month.

Above $177k - No Go.They go by adjusted gross income (AGI) I believe - Don't believe it matters where the income comes from.I'm not a CPA, so take what I say with a grain of salt.

The $500K GROSS spread is eaten up pretty quickly once you agents, closing costs, etc.

As far as our personal finances, we gross pretty well but after business expenses, our own mortgage, cc payments, groceries, utilities, etc.  

In general, I've never seen HUD accept a price less than 20% below list, and that 20% below is the net amount to HUD, not the gross amount.

I've been working for a year now grossing around 27-30k annually.I've been wanting to move out of my parents house for a while, and I've been thinking that maybe it would be a good idea to buy a house and bring in a couple renters.I would probably go into it with my parents helping me out financially as co-signers on the loan.

Gross Rent-Vacancy factor (I use 5-10% depending on area)-----Net Rent------10% Maintenance-10% Management- Taxes/Insurance- Utilities----------------NOI @ 10% cap

I am putting offers on multi unit properties in Los Angeles and not looking at anything that doesn't have gross rents at least 10% of purchase price.

However, when I look at the financial info she provided, none of the gross rents for the past 4 years even reach the 64.3k let alone the NOI's.