So all in for those four items is 22% of the gross.

Does the mortgage and other debts need to be 40% or less of your gross income like single families or are other considerations taken into account?

Generally, the tax ranges between two and three tenths of a percent of the gross selling price.

This will depend on the tax payers total adjusted gross income.

You'll also want to save 25%+ of gross rents for things like repairs, maintenance, PM, and capex.

Try running the numbers again with a gross rent of $3285 and you'll likely find more room.That said, the agent mentioned they have an accepted offer on it; late last night or early this morning.

Things are fairly cut and dry around here. 250k property grosses 50k 500k property grosses 100kNet profit greatly dependent on down payment (10% down 20% 15% or 100%?) 

Here is the information:INVESTMENT OVERVIEW Price $340,000Price per Unit $48,571GRM 6.82CAP Rate 10%OPERATING DATA Gross Scheduled Income $49,800/YrOther Income $1,200/YrGross Income $51,000/YrOperating Expenses $14,303/YrNet Operating Income $36,697/YrEXPENSE SUMMARY Taxes 2019 $3,753/YrInsurance $3,800/YrUtilities $5,260/YrMaintenance $1,490/YrRents: $800x1, $700x1, 3x$550, 3x$500 with total rent of $4,150/mo

Im 31 and own a 17 unit mobile home park and 2 rental housesi have never used banks before my credit is not the greatest maybe around 630-680 score but all my properties are paid for i need advice on where my net or gross income needs to be for the bank to approve cash out refi or a line of credit.where do i go from here i want to expand and buy more rentals.

In  the city of Phoenix Az there are different R-3 types which range from 5 units per gross acre to 17.4 units/gross acre.