And make sure to account for the following expenses (if it applies):1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

If you get a Personal Umbrella, which will go over your Home and Auto, your big exposure is in the Auto. 

Dear appraiser over here,I was wondering, when an appraiser is looking for comps, how far does he look (0.1, 0.2, 0.3 miles) ?thank you all in advance

Sometimes when I work off my phone it likes to auto correct.

I’m a mechanic and i’m also a medic in the national guard, haven’t started investing yet but i’d like to find a duplex or preferably a triplex in the spring.

The financial impact this one deal brought made me realize I could do great things in Real Estate if pursued correctly.I have always been mechanically inclined but had never worked on houses before.

You will have scores based off of each of your three credit reports (Experian, Equifax, and Transunion) but now instead of just giving you one for each, they will give you the auto, credit card, consumer, mortgage lender scores.So now they will give you for ExperianFico Score 8 (Most Widely used Version)Fico Score 2 (Used primarily in Mortgage lending)Fico Auto Score 8  (Auto Lending)Fico Auto Score 2 (Auto Lending)Fico Bankcard Score 8 (Credit Cards)Fico Score 3 (Credit Card Lending)Fico Bankcard Score 2 (Credit Card Lending)I happen to get my scores recently....my exprian score ranges from a low of 751 for Fico Score 3 to a high of 825 for Fico Bankcard 8.  

. @ Paul, I have BP on auto downloads!

Things I can think of:- Online rent collection (auto bank transfers or credit cards)- Hiring a Virtual Assistant to act as a 'round-the-clock' call center to manage maintenance calls and scheduling showings- Having a good Rolodex of handymen- Hiring someone hourly to show the apartmentThanks for your ideas!

This coverage will offer defense and claims settlement for alleged or actual injury caused by CO2 emissions from a heating or air conditioning source.You can add a "personal umbrella" to cover your personal liability exposures of your home and auto, if your net worth justifies it, but you should keep any income producing assets separate from your personal liabilities.There are very few companies who understand this and do it right but once you get set up right and realize how much easier it is to manage and scale your business up, you'll be glad you did.Ivan