Craig Montesano - one question: are all the utilities paid by the tenants, or some by the landlord?

You'll need to get SEPARATE utilities to that unit unless the landlord plans on paying for the utility bills.

How about utilities and taxes while holding.

4) In my analysis I have a vacancy loss, management fees, replacement reserves (repairs and maintenance), property taxes, insurance, PMI, and utilities.

Financing will be 30% down ($10,500), 6% for 15 years with a payment of 206.74Expenses monthly are:-Taxes $115.66 currently-Insurance $52.25-Maintenance (10% of rent) $93-Utilities ($50 per quarter, per unit for water and sanitation) $33.33-Management (10% of rent) $93-Vacancy (10% of rent) $93Once I take my expenses and debt service from my gross rent, I'm left with $243.01 cash flow for a 27.77% COCR.

What about utility expenses, insurance, and property taxes I paid after closing?

I was wondering if that was something people use for investment properties, or if it is only something homeowners utilize.

Consider the color of sofa, bed and other utility items while thinking of coloring the walls of your house.

If you pick up trash and sweep that means you're not paying a more skilled person to do so and that allows them to be better utilized or go home and be off the payroll.I agree that if you are not skilled (or young enough to begin acquiring skills) to stay out of the way.

(I avoid single member LLC ownership as I feel they are more vulnerable if they are simply an extension of yourself).However, if I didn't have the mortgage note fully documented & duly recorded etc the IRS auditor was reluctant to allow the expense.The later is also good practice if you are using the mortgage to strip the equity to protect the asset.