With gross rents at $2,075 and all expenses (including vacancy but excluding PM and mortgage) at 50%, you are looking at a monthly cash flow of $1,038.If it is true that your mortgage payment is $649, then your NOI-before tax is $388 not including storage income.

Our margins are smaller but so our are vacancies and expenses.

It has smaller margin but less expenses, fewer vacancies, appreciations in both value and rent PLUS we can self manage.

Let them out as if it were the end of the lease with 30 days notice, use the vacancy (if there is any) to improve the unit.B.  

You can however, be foreclosed numerous times if you are over-leveraged and you have vacancies, major repairs, or other unforeseen emergencies.

When you analyze each property over estimate your expenses, use 10% vacancy, use the low end of your rental range, and the numbers still look good, you might have found a deal. 

Put those numbers up here and I'll tell you what I would pay for the place.TaxesSewer and WaterTrashHeat/UtilitiesHOACap Ex and Ops (my personal minimum is $150/roof/month)InsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. (8% represents 1 vacant month/unit/year)

Put those numbers up here and I'll tell you what I would pay for the place.TaxesSewer and WaterTrashHeat/UtilitiesHOACap Ex and Ops (my personal minimum is $150/roof/month)InsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. (8% represents 1 vacant month/unit/year)

They don't fit the 1%, 2%, or 50% rule but the low vacancy (currently none), appreciating rent/market, lower expenses and our ability to self management allow us success in this market.Another great resource is individuals websites located in our signature line.

adding in your operating and vacancy!