That does not include debt service, but does include taxes, insurance, advertising, lost rent to to vacancy or non-payment, legal expenses, accounting expenses, capital expenses (roofs, furnaces, etc), and property management.   

Originally posted by Account Closed:Brendan Harrison , All you need to do is, on the purchase contact addendum, add the following term: 1.

@Aqil Dharamsey @Robert Young Account Closed Why don't you all come to NJ...

Do you do your accounting in it as well or do you use another program like Quickbooks?  

The deferred maintenance might also account for more than a $2k on annual expenses.

that doesn't account for vacancies.

Always good to account for it though.

Additionally make sure you account for commissions in 6 years.

Account Closed you are correct, that was just a range.

That said, I wasn't as good at when I first started, so you have to account for what experience and proficiency is worth over time.