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%).

It is now worth $209,000, rent has covered expenses over the years, do the math it is a return of over 20% annually.  

Others will know better than I but I'd consider avoiding the property manager at first - They are expensive and rarely do a better job that a caring/motivated owner.  

Ann arbor is too expensive and Ypsilanti taxes are high.