Use these figures to compute the percentage of the total for improvements, multiple by your purchase price and you have the the starting point for your depreciation.Anything you spend before the house is ready to rent gets added into the basis.

I have tried a few rental property calculators and I'm looking for recommendations of some easy to use that I could use on my phone or desktop.

I had a handyman install the new ac and she said the ac was leaking overnight and her computer and medical equipment were soaked.

Compute the total interest spend.How does that figure work in your deal analysis?      

Hi @Wesley WellsI have a folder on my computer for TAPES and then subfolders for my different sources.

It's not free, but QB Desktop is the way to go, IMO.

Hey @Armando Mejia, as @Andrew Meyer explained, you will definitely want to run your calcs based on both units being fully rented to tenants (including vacancy factor).Along with your PITI, you will also want to include all owner-paid recurring expenses such as water/sewer/garbage, an average maintenance expense (lawn, snow, general repairs), and long-term capital expenditures (new roof, furnace, etc).Once you are happy with your approximate monthly/annual cash flow assuming both units are rented, it will be easy to compute what your required living expenses will be if you were to live in one of the units.Be aware that typically a 3-plex or 4-plex will allow you to live for cheaper and cheaper in comparison to a duplex.

I had maybe 50-100 fraudulent credit card charges at my retail computer store over 10 years.

Even doing comp itself is sometimes vague because like I say, comps high and comps low has three to four standard deviation, in a one million home, the range could be from $850k to $1.3mil.and to make even thing more complicated even the same house that was sold for X price in March, same house could go to 0.98x by December due to seasonality aspect of neighborhood and supply-demand dynamics.From statistical perspective, zEstimate is good when there're lot of similar comps in the neighborhood with condensed price pattern (for example, if neighborhood price is ranging from 200k-250k ; but it would be all over the place if home price is too low or too high).Even professional desktop appraisl would face similar problem as well, so I would not blame Zillow/zEstimate. this is merely statistical issue.So you still need professional appraisal.But again if you ask three different appraisar, they would come with three different opinions LOL , it's the reality.

If anyone else knows of one please let us know.There are a number of desktop software solutions.