Williamsburg rents $775. leased 12/1/20123. separate utilities4. utilities paid by tenant5. unsure (I asked how old the roof was)6. both have been partially or totally replaced in the last year (HVAC system)7. hot water heater dishwasher (new replacements)8. none known (serious issues)9.

Price - 18500Total Taxes annual- 1852Insurance annual - 525 Renter pays electric, water and gas Deal 2 I am in talks to buy a 5 family home owner financed for 61k.

The closer to average you are the longer your house sitsthe closer to average in price the longer your house sitsthe closer to average in terms of amenities the longer your house sits.You will no doubt rent your place if it is clean and tidy and not more expensive than the restI have found that testing the waters in order to find that perfect balance between interest and rent price is worth the investment in time.If you get too many calls on the first day you are probably renting too lowif you get no calls all week you are too highfind your sweet spot

CA/ILL are so far under water that in comparison San Diego 0-Down homeowners who bought in the summer of 2006 are in the chips.

Or do you actually drop it?

If not, here is a link to it, and I suggest that you spend some time reading it: https://www.biggerpockets.com/forums/52/topics/17612-where-does-the-5-rule-come-from-If you use the 50% rule as a guide,which includes Professional Property Management, you're losing $$$ every month.Even if you manage the property, it drops down to about 35% a month, still losing $$$ every month.Raymond

Is it a beach rental or a standard SFR off the water?

I don't like the idea of them dropping their payment off at our bank.

Hi Michael,You are getting the numbers turned around.If landlord does not pay utilities such as water etc. then you use 50% costs but if utility is paid go 60% costs.NOI is before debt service and NOT after.

This seems to be enough to drop my cash flows below the 100$/unit which really makes me start to question the deal.