., you may consider conditionally approving with a higher security deposit (or alternatively, use an insurance policy - "fee in lieu of deposit"), first and last month's rent.

I know of several 10-20unit in the Cleveland area that offer great cash flow and a good tenant base.

I have been on the MLS researching different properties that can become my first deal but I have not made any offers.

I'm a landlord in Jacksonville and can say the insurance market is a headwind.

Property taxes, Insurance, Utilities, Mortgage payments, sometimes you may also pay a vendor directly, etcYou should be giving to your CPA the form 1099, Year to date PM Statement, form 1098 along with expenses that you paid for directly outside of the PM Company.Best of luck

Most tenants take me up on the offer and I would much rather pay a few dollars extra per year per tenant than have a tenant at risk of death - especially carbon monoxide poisoning. 

There is a difference in the hit someone's credit takes if they are behind in payments or they are in foreclosure so offering to buy the property before it goes into foreclosure does help the owner to some degree and it is not claiming to help them stay in the house. 

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

Also, my taxes and insurance have gone up significantly which is no surprise to anyone who knows Florida. 

We offer a service to find owners or apartments willing to do arbitrage in our area.