So your telling me as long as the company isn't bought by someone else who has a slave that does the same job you do or they don't outsource your function, or the company doesn't go bankrupt and use you pension money to give the CEO a big bonus, your set for life.There are a ton of restrictions on real jobs, I was a executive for a fortune 500 company out of college and giving them 70 to 90 hours a week which is really giving them two employees for the price of one, I decided to get a life versus a real job.

The furnace and water heater were both 20 years old but appeared to function ok.  

Gross income = $11,466 (assuming 9% vacancy loss) annualEst initial Expenses: $15K totalProperty requires the following est 'rent ready' improvements: New carpet in 1 room, new back doorwall, main floor bathroom updates, new fixtures, paint, etc..No central AC; I calculate based on comps I could get $100/mo. more with AC.. est $3-5KAdditional initial expense risks: Water seems to be leaking through cinder block foundation in 1 spot... no idea how much this would cost to repair/mitigate.Furnace looks very old; city winterization report shows it was functional, however no clue how much life is left...Recurring expenses:Taxes/Insurance- $4,450 annual // $379/monthVariable cost PM (10%), with 9% vacancy loss-  $96/moI assume $500 annual expense/repairs plus $100/mo in reservesI assume $300 annual advertising/admin expensesTotal annual recurring expenses = $6,592NOI = $4,874In order to net $200/mo cashflow with PM (my own arbitrary target for my market) and yield >9% cash ROI, I need to purchase this property for $45K, assuming a 30yr, 20% down mortgage.This property would yield (with PM): $215/mo cashflow, 9.75% Cash ROI, 11.79% Total ROIThis property would yield (without PM): $310/mo cashflow, 14% Cash ROI, 16% Total ROIFinal rent/price ratio would be 2.3%thoughts ?

I am a Retail Lease Administrator with over 10 years of lease performing lease functions for over 15,000,000 sqft of commercial retail space.I also own and manage 5 residential properties and working to obtain my Georgia Real Estate license to take my investments to the next level.

I would certainly be interested in attending the next function.

Most excel programs have this function.

Microsoft excel has a function to calculate IRR.

The default classification for a single-member LLC is sole proprietorship (the LLC is disregarded entity, so it is treated as though it isn't there).

You'll thank me some day :) I have an LLC in place, but I'm wondering what tax classification I should be using for Real Estate Investment?

They may want out as well.Short sales don't function any differently in VT than they do anywhere else.