Personally, I would create an amortization table and figure out at what interest rates and amortization periods you can handle the debt service.

Is the best way to figure out expenses for new property deal to ask a property manager instead of using craigslist, rentometer, etc.? 

You could use this number in a Rule of 72 calculation to figure out the amount of time it would take to double your money, for example.There are caveats to keep in mind with the calculator, though. 

Yes I live in NYC and invest in Charlotte and Raleigh This particular property was my 2nd purchase, at the time I was still building my team and I figured a Condo would be a good way to start out.

See link above,  it may help to figure out future taxes.You have to be careful how far out you go with comps in Cleveland, make sure your comps are coming from a small radius, I would go out a half mile - a mile max.  

OP was trying to figure out what could possibly go wrong.My point is, if the taxpayer is deceased, did or does the State have a duty to identify a PR or heirs. 

We are still trying to figure out when and how that will happen, but its fun!

1st thing- figure out how much income you need to replace and when2nd- reverse timeline from that point in time to see if this investment fits that strategy3rd- if it does, keep it.

Hi All, I know this will be highly unscientific, but I'm just looking to get a ballpark figure here.

Talk to a contractor and figure out if any upgrades will be needed to comply with the building code.