Are tenants responsible for all bills/utilities/etc.

The third one, when winter comes around, I will have to use the emergency heat setting to get the heater to work AT ALL which costs an arm and a leg (I pay utilities on those three units).

I have utilized Yellow Letter, Postcards, Flyers, Cold Calling, Door Knocking and everything else in between .

I don't think you factored that into your cash flow above (or any other utilities you may pay).

They pay me utilizing their Banks bill pay option or transfer option.

You not just paying for materials, you have to pay for the labor too.

Getting my marketing materials put together is "a" priority, but making sure Lily is fed, changed, and safely at play is THE PRIORITY.

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.

If you hold the property for 3-6 months, that's roughly 3-6% (or 1% holding cost - that comprises of house payment + utility payments + taxes and insurance)If you add up all the numbers, you have...13-20% COSTS or you will end up 80-87% of the sales price.

Quickbooks is the best especially if you utilize the class system.