Quibbling with GOI - - it's normally call GSI, Gross Scheduled Income :grin:Nicely done, and taxes are a per state issue - - here in Calif, we have Proposition 13 which forces the tax assessment to be 1% of the purchases price.If you can gain access to the Count Tax Assessor's website, you can normally see the assessed value and the taxes it generates.

The property should have positive cash flow of ~$12,300 / year (not counting any paper loss - but I calculated this at $1,300 for year one). 

Zestimates have always been worthless so I count this as a good thing.

Stop counting pennies, with all due respect.

I also count principle pay-down.  

That will cover your costs (not counting closing costs, and cost overruns on your rehab)...which as @Marshall Downs stated...makes this deal a little...I'm going to say "really" thin.2 - Minimum Loan...usually $50k, but that number has been creeping up as high as $60-75k.  

(As long as you don't count your time, haha.)

@Chase London - They typically want 2 years of tax returns showing income in the type of business before they can count it.  

Total real estate debt $568K.2 homes in TN monthly rental income (after property mgmt fees  ~$2,400, M,I,PM ~1,900Current mortgage (financed FHA) ~$250K, approx $1,800/mo payment with $1,000/mo income from renting out MIL suite.Bottom line is all properties are making money, with exception of current, unless you count BAH  (Army pays a basic allowance for housing which I would hate to pay to anyone other than myself)as income, but even without BAH, we are paying less than half of a mortgage payment out of one paycheck. 

If that doesn't count, then my savings rate is closer to 30%.