so if a rental brings in $180 extra a month, it isn't taxed?

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

If I went this route I would not have to spend extra time in school either because I meet all the prereqs already.

REI_Kevin, can you explain how you collected the extra 49k at closing?

Today, we measure the value of air rights on behalf of a seller not only by the use of the comparable sales, but also by how much extra value is generated by the air rights," said Von Ancken, speaking at a meeting of the National Realty Club last week.More Articles of Interest U.S.

Give them their notice, use their deposit to get the problems fixed right, and start over with a new tenant.Alternatively, ask for an additional deposit to deal with the extra damage.

Effectively, what I want to do is pay somebody $50K extra in management fees, in return for their taking on the risk of higher vacancies and repair costs, etc.

I only have a referral license, so no access to the MLS directly, but any realtor is permitted to give me a lockbox combo or loan me their electronic gizmo.

I have seen MANY "resident managers" that had a pretty free hand with supplies that "fixed" and painted neighbors homes/apartments for a little "extra" income.

I would plan on doing this using this combination:- any extra income from my business- using the money i would have used for my existing house payment (would be free now because I would have already paid it off)- using the income from the tenantwe are cheapskates here :)It would take basically $5100 a month in extra payments to do it, but the $1000 a month saved from no house payment, and say $100 from our tenant in the property would mean we would need to come up with 4k a month extra for a year.