I personally buy a little more expensive properties in Ohio but get higher rents.  

Here are my thoughts based on some avg #s$1980/2 = $495/mo x 4 units1 bed/1 bath units typically rent around $400/mo so my initial thoughts are how did they get almost $500/mo for these.Lets say you get $450/mo x 4 = $1800/moProperty Management - $180Taxes - $200Insurance - $100Water/trash - $200Vacancy - $180Repairs - $180Cap Ex - $100Total expenses -  $1140/moThat leaves you with about $660/mo before any mortgage etc....

Hello David,I have a few questions and info for thought.Where are you getting your expense  data from? 

If you're buying lists and mailing yellow post cards, that can get pretty expensive.

I have all the expenses and income listed out - but it seems the bank wants "proof" and I am not sure what counts as proof.  

- House need expensive repairs?

Tax benefits' aside - it is the most expensive way to operate a vehicle.  

Hi All,We need to come up with the 25% down payment to purchase an investment property in our area, can you share how we can find this 25% - I know we can look at using private money at a certain % but this method is quite expensive for long term as we are looking at 30 year mortgages.  

However, being a hurricane target area I know any house will require expensive flood and wind damage insurance.

Hi Jonathan,At a quick glance the expenses look a bit light (currently shows about 38%, where a quick rule of thumb is 50%).