Hi, I need help analyzing a rental property.Sale price is $795,000.building has updated/renovated exterior + interior 3 out of 6 units, has separate meters + coin operated laundry room.Tenants 5 out of 6 is month to month.location is very good.the calculation on the calculator is with zero down, Please take a look at my calculations to see if I am missing anything, my first rental Property calculation.Tank you!

@Ashish AcharyaGive me a shout post 4/15.Right now I generally get on BP in-between clients to de-stress a little.Not a good time to get into a debate and dive into code sections.Perhaps my most recent example was too hasty reviewing the regs right now...The "-3" reg defines structural components by reference to Treas Reg Sec 1.48-1.The term “structural components” includes such parts of a building as walls, partitions, floors, and ceilings, as well as any permanent coverings therefor such as paneling or tiling; windows and doors; all components (whether in, on, or adjacent to the building) of a central air conditioning or heating system, including motors, compressors, pipes and ducts; plumbing and plumbing fixtures, such as sinks and bathtubs; electric wiring and lighting fixtures; chimneys; stairs, escalators, and elevators, including all components thereof; sprinkler systems; fire escapes; and other components relating to the operation or maintenance of a building.We know that a building and building structures are a single unit of property.  

If you find a good deal experienced operators will partner with you.  

You still need to learn what is it about, how they operate, and  then chose the operators, and the deals.

On mom & pop operations, distance is key IMO.

Firstly, I know I’m allowed to be a majority partner in a brokerage as long as I don’t engage in daily or company operations.

Property X:Cost of Leverage - $380All associated Real Estate costs to maintain a valid investment - X (we'll say $600 because BPers say half of rent will be operating costs)Cash Flow - $220Rent needs to be at $1220 (also the market needs to allow for this to be the going rate)If all these things are in place then its a definite property for the portfolio.  

You have to accept a much lower ADR and operating expenses are higher (heat) though.

The "70% Rule" suggests that you shouldn't be paying any more than $155k (less closing and operational costs).

I don’t believe the digital wall mounted controller is operated by batteries.