While you can still make money (well, you could when properties where cheaper) my expenses ran up to 60% of the operating costs. 

But my ultimate goal is to apply the buy and hold /"BRRRR"(buy,rehab,rent, refinance and repeat.)plan to Achieve my financial freedom .Well, taxes are an expense you take out BEFORE debt service; that is, it's part of the NOI (Net Operating Income) calculation.

Thanks for sharing and warning others, @Ron Burmeister.How a company with 'Premium' in their name could operate like this (with a straight face) is laughable. 

Hi BP.  Wholesaling to make $$$ and learn loads.

You have a multifamily, why aren't you operating it more innovatively to drive up your NOI?

Gross Rental Income (Total Monthly x 12) $265,632.00 Subtract Vacancy Rate (15%) $39,844.80 Net Rental Income $225,787.20 Other Income (Laundry) $5,021.00 Total Gross Income $230,808.20 Total Annual Operating Expenses $178,911.00 Net Operating Income (NOI) $51,897.20 You probably already see a problem with the asking price based on the NOI.

I own and operate a credit enhancement company and will help you if you call me directly.

The value will be based on a multiple of net operating income.Learn what the going cap rates in the area are.    

I would carefully review what the compliance issues are for the balance of the term with respect to the operations.  

"Pool" your money with an operating agreement for the LLC that spells out everything (who does what, who invests what %, etc.) then find private lenders who will loan you the money to purchase the homes, not banks.