Afternoon Carlos, I am an Independent insurance agent with over 10+ years experience.

Annual numbers are:Built in 1984 - Seems to be a B class complexPotential rental income $900K-$1M gross6% vacancy ($60K), $20K addition income from vending/laundry - no other amenities, $65K taxes, 5% ($50K) Capex, $28K Insurance, $16K contract services, $90K payroll/staffing, $150K repairs/maint, $6k utilities (tenants pay their own), $10K accounting/legal, $5k advertising/marketing, $100K (10%) PM (is that redundant with staffing?)

Looking for contractors for make ready service in City Heights.

My goal is to eventually become financially independent so I dont have to depend on my job and do the things that I enjoy.

Depending on what you are targeting you may even be able to work with a bank to have funding up to a specific limit available.Next you need to start networking with agents and other real estate investors in the area you want to invest in. Depending

I currently own a maintenance company here in the Tampa Bay market that services commercial and residential homes through either Realtors, Property management companies,  and large REIT's.

There are two aspects to analyzing and buy and hold deal in my humble opinion, and especially a deal involving Multi Family Units. a) The Property Condition and Rehab required:  This is something you should be able to, and probably should do independently. 

Hi Eric,If you are talking about your personal tax liability (at the federal level), the formula I use is: NOI-Total Debt Service= Cash Flow; Cash Flow+Principal Payments Added Back (on debt service)-Depreciation=Taxable Income/Loss. 

Originally posted by @Jerry Starr:https://www.realtor.com/news/real-estate-news/u-s-rental-rates-flatten-major-cities-supply-floods-market/ U cant have a million plus foreclosures that were mainly bought by investors and put into rental service.. developers building new apartments and not start to create a over supply issue.. that's just basic math.. so really depends on population and job growth in a given msa to see where rents go or stabilize or shrink.

Happy Independence Day all!!!