The 50% Rule basically states that for a large and diverse sample of rental units and over a long period of time, expenses (including rent loss and capex) will be somewhere in the 50% of gross rents range.2

I live in Georgia I am not sure this issue is covered in the hand book I figured I would float it hereI had a unit for rent in the first week of july say july 2, man came and said he wanted it immediately he had a good job drove a nice car was well put together. he had income verification statements He made a partial deposit of 300 no paper work just a receipt he was supposed to move in on the 15th of july on the 15th he came with another 200 which was the rest of the deposit but he said he didnt want to move in until augustthis didnt make me happy and as he stated there was nothing in writing forcing him to a july 15th move in datenow he states he doesent want to move in at all and wants his deposit back.I basically held this apartment for 30 days and now he does not want it,there was no written agreement but the rental application does stateThe following deposits are required: - security deposit of the first month's rent of 550.00 payable upon move inThe deposit will be returned to the Applicant if the Premises are not rented to the Applicant.

The reason being that money isn't really invested in the deal, I understand you want it in place for a safety net but that isn't a function of the cash invested.So the numbers I come up with are:Ask Price $64,600.00 Loan $51,680.00 Down20% $12,920.00 Closing6% $3,100.80 (I use 3% but I'll go with this for you) Touch Ups2% $1,292.00Property Type 3 Rent / Unit 483.00 (Based on reported annual gross) PI 285.38 (I used 5.25%)Expenses 50% 724.50 Total Expenses 1009.88 Monthly Gross $1,449.00 Annual Gross $17,388.00Monthly cash flow $439.12Annual cash flow $5269.45Recover Funds $18088 41.2MonthsCOC=29.1% There may be an error or two from as I copied it over from my "quick and dirty" spreadsheet, but all in all I think you get the picture that this is a pretty decent buy.

Our basic goal is passive income but he is willing to invest in me and start with a few flips to basically learn the business front and back, buying, selling, holding, etc.

However, he struggled in school with the basics.

I just upgraded my account with a year subscription. I don't actually need the extra features, but I've learned so much here, and I can only imagine how much money this will make/save me in the long run. What's the ca...

We have a basic list of things we're interested in knowing, but any ideas you might have would be greatly welcomed.

I have used it for a couple years and it can basically automate every part of the sales process.

Michael's fire has me thinking about safety inspections.

But, it basically says that the Guidant product conformed to all laws and that my implementation conformed as well.