And of course keep posting your analysis.As far as this report goes it definitely needs a lot of work and explanations on how you came up with the numbers, what your plan is, how old is the building, what type property (SFR, 2-unit, 3-unit, etc). 

My best year was selling $142 Million in 2005..and being named the "No.1 Re/Max Commercial Team in the World."

The property has 3 units - 2 of the units will retain the old tenants and the vacant unit (2br/1ba) is the one that will be upgraded for me to move in.

I am only 32 yrs old and want to keep growing and building my portfolio. 

But then the govt started busting people for not following KYC / AML laws so I said "F this"(on the bright side, last year I decided to bring up my old wallet. 

It’s a commercial property with 1947 year old house/garage/workshop & she’s saying she lives there but doesn’t.

Here are the details45+ year old housenew a/c (6 years ago)New roof (last year)New electrical panel (6 years ago)New plumbing (this year) mostly new appliances (oven is old)New floors in about 60% of the houseThe numbers:Currently on a 30 year loan with 3.8% int.monthly payment is $1250Avg rent Comps are $1600 to $1800If I apply the 50% rule then it does not work, but taking into consideration that the main money drivers have been addressed would I still be in good shape if make the decision to not set aside as much for the expenses. does this make sense?

I find the NJ market to be not ideal for BRRRR or just plain old rental properties.

If the owner isn't too old, they might go for a 10 year balloon.

Roof was replaced 5 years ago and looks nice. 3 of the 4 water heaters are under 2 years old.