If your model is to create lots of things and sell them, but those things require maintenance, then you might as well be the one to do the maintenance since the buyer of those things is likely not equipped to handle the maintenance (or at least not any better than you).

Double check on your State LLC annual costs because I was under the notion that the state of PA charged $500/yr for LLC and sent in the payment.

If you think you can make more than 7% in the stock market and in real estate annually than you can take Aman's advice and borrow from your online brokerage account.

Just like any investment there are bad deals and leases out there and you have to use someone who has knowledge to buy the right property.Typical is about a 6 to 7 cap going in and rent bumps of 1.5% to 2% annually.

Remove the utilities and you may be at $100/mo.If the owner pays maintenance, this is no deal.

Those usually cost an annual fee (say $200) and then a fee for each contract closed (say $150 for SF, $50 for renting SF out).

I didn't know you could paint vinyl- doesn't that kind of defeat the point (low maintenance)?

He's been there just over a year.Numbers are as follows:$925 monthly income$876 Property taxes$462 Insurance$600 maintenance$50 advertising yearly$150 Administrative yearlyFinance amount $ 65,0005.2 percent interest 30 yrs. $ 13,000 down$1625 Closing costWhat you think?

Not sure how much of that PITI is P&I, but you've omitted capital, vacancy, maintenance (mostly caused by tenants), other utilities (at least when its vacant), make ready, legal costs, CPA costs, etc.Landlord insurance is more expensive than homeowners.As far as the tax benefits, your net rental income will be the rent you actually collect, less all actual expenses (taxes, insurance, PM, maintenance, utilities, etc.), less interest (not the principle payment, though) and less depreciation.

Also little OT but whats the differance between Gross Tax and Net Annual Tax?