- House need expensive repairs?

Tax benefits' aside - it is the most expensive way to operate a vehicle.  

Hi All,We need to come up with the 25% down payment to purchase an investment property in our area, can you share how we can find this 25% - I know we can look at using private money at a certain % but this method is quite expensive for long term as we are looking at 30 year mortgages.  

However, being a hurricane target area I know any house will require expensive flood and wind damage insurance.

Hi Jonathan,At a quick glance the expenses look a bit light (currently shows about 38%, where a quick rule of thumb is 50%).

It is now worth $209,000, rent has covered expenses over the years, do the math it is a return of over 20% annually.  

Others will know better than I but I'd consider avoiding the property manager at first - They are expensive and rarely do a better job that a caring/motivated owner.  

Ann arbor is too expensive and Ypsilanti taxes are high.

How do you calculate the expenses of the property? 

But what I thought they said is to figure out the cash flow and then divide it by two because history has tended to show that unexpected expenses (new water heater in yr 1, roof repair yr 2, etc) tend to eat up about half of your earned cash flow.