@Emilio R sorry to see you’re leaving BrewcityI enjoyed meeting you at the 1st local meet up.Regardless, good luck moving forward

Add that to your $488 taxes, insurance and utilities, and you have $885.5 as total expenses.This makes your NOI as $439.5 (that's income before debt service).If you get a 30-yr loan at 5% interest, your debt service is $316.19 per month, leaving you a cashflow of $123.31.It's not spectacular but if you calculate the Cash on cash return, that's a very good 24%.

I live 2 hours away and I have a management company managing this rental.From what I've read it has become very difficult to transfer a property into your LLC with keeping the mortgage conventional.If I leave the mortgage where it is, and flow everything through the LLC, am I still protected?

The home is currently occupied, however the tenant will be leaving in March 2014.

Tell them if they leave early you will split your wholesale fee with them.

I would like to leave family out of it.

Now, I wouldn't leave my purse on the car seat or copper pipe laying in the front yard and expect to still find them there an hour later, but I'm definitely not afraid to visit the eastern half of North Linden.Good luck John.

That is often hard to gauge as some tenants take 3 showers a day and others decide to try their hand at green thumb in the middle of august.... and if they forget and leave the water on!

--------------------------------------------------------------------------------------Congratulations, for your journey leaving Fortune 100 and going into Forbes 400.

Be sure to leave yourself margin..But there's lots of capital out there!