If the landlord pays the utilities, you have to include that too.However, as a house hack, below is the equation I would use:House Payment = Mortgage payment plus expenses less Rent (you receive from one unit)If your house payment for this property is LESS than what it would be if you rent a house in the area, then by all means go for the deal.

Several friends recommended BiggerPockets and I have been receiving emails for several months and so here we are!

I would send a notice to all the tenants that there is no smoking allowed in the units and that several complaints have been received. 

In a partial loss you will receive the cost to repair or replace if you have RC coverage. 

Here are some booksMultifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!

I am looking towards the future is all.According to my contract for deed my buyer would receive a 14 day notice to cure their default. 

I have told them numerous times it would be in their best interest to list the property with an agent in order to receive the full amount for their equity.

At the end of 2nd year, principal returned would be $35917.46Total cash received after 24 months, assuming all goes well is $44980.10Decent return and allows me to get my feet wet.

After asking and researching around it seems the End-user is the last person to receive the house.

Everytime you spend money for each property, you can designate for which property it is so you can record it in your accounting software.The PM company also receives the rents.This simplies the banking and accounting but at the same time, each property is in its own LLC for asset protection purposes.