Great points I will me self managing it however I want to account for management in the future if I decide to I made a few adjustments:Expenses Property Taxes Annual4,907  InsuranceAnnual1,500 Maintenance & Repairs Annual10% 2,592 UtilitiesAnnual0 0 Advertising Annual 300 Administrative Annual 150 Variable Cost PM(% Income)6%1,555  CAPEX 10%GrossAnnual2,592 Lawncare Monthly100 Total Expenses13,696

So 2.5 years later, one side is rented for $900, and the vacant side is advertised for $1050.

If you are involved in a RE transaction you must disclose you are licensed as well as disclose it in any advertising you do.

right now i use direct mail but most of the people dont seem very motivated. i went to a rich dad program a while ago  and they said that you should have 7 ways of advertising. which ones do you use?

I start advertising and showing right away.  

They know most people will not look at the data within their own site; this is why they spend so much money advertising on TV.

This would constitute a cap ex (capital expense) and there are many of them, not just the roof.Vacancies, repairs and maintenance, tenant damage beyond the security deposit, property management (does matter if you self manage, you don't work for free so you still must calculate it as a cost in your numbers), accounting, advertising, utilities, and the list goes on.From what you have posted on numbers, I can assure you his is a cash flow loser.

The agent's broker also gets $3570 from which he pays for the office space and staff, insurance, advertisement, MLS listing and access fees, etc.).

My husband and I saw an advertised burnt property for $50K with $300,000 in equity.

Anyway...back to the point...The rep that I just encountered from this group had advertised a property in a very desirable portion of North Dallas...an area of particular interest to me.