After adding brokerage, transfer tax, title insurance as well as accounting for any capital expense to replace 20+ year old mechanicals/roofs etc.

@Justin Heitter, you can see actual electric/gas costs for an address here: https://www.myavista.com/your-account/moving/high-...WSG should average $65-75/month/door.Management will probably average 8%, depending on your manager.

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on each deal.

Sign up to a pro account then hit the BP marketplace.

.- Is there a standard accounting method?

@Michael Elliott  our state requires that we give an accounting of any deposit we keep within 21 days.  

Hello everyone, been listening to the podcast for a while now and finally am getting around to creating an account!

-vacancy you need to account for some sort of vacancy ( you did this by not accounting for the efficiency rents) I use 4-5% but this is area specific, talk to some local PM’s they can tell you what is normal.

I was fortunate, again, to have my father co-sign on most everything, but Bank of America got so granular, I had to explain a $300 deposit in my account for selling a couch on Craigslist along with every SINGLE transaction over about 3 month period.

I just handled my father-in-law’s estate and thankfully he had everything (i.e. cars, house, bank & investment accounts, etc) in the trust.