Price is $500k,gross rental income: $43K, net operating income: $28K.

I bought one for $341k that will rent for $4000 gross after rehab

As long as it works, doesn’t leak, and isn’t gross... renters realize that they aren’t buying a house, instead they are renting ‘short term’ (often multiple years).

Gross rents is $3000 so I’m baking almost $2000!!!

I was an overachiever even in his business and he got mad my gross profit was too high.

Selling in Oregon and would like to find multifamily in Phoenix or Tucson for about 1 Mil which generates about  10- 12,000 per month gross rents. 

With residential mortgages you will use the GRM (gross rent margin) which is your value divided by your annual rents.

While most managers will charge 8-10% of gross rents for this type of property, you also need to factor in that they typically charge 1/2 to full months rent to place a tenant and there are usually releasing fees. 

What I DO do is share all the interesting and/or gross unfun (but usually humorous) parts of this business.

Most people I know figure 8% of the gross rents for repairs, but maintenance costs vary significantly due to the current condition of the property and deferred maintenance.