you can also evict for not caring for the property, ie broken items lawn not cut etc.  

.$175,000 Loan gives me an $850/mo mortgage (30 yr. at 4.10%)Money TalkNow lets make some conservative assumptions:5 Occupants: $750/mo rent X 5 Occupants X 12 mo = $45,000 gross incomeAfter taxes (assuming I pay 35% taxes):  $45,000 X .65 = $29,250 gross incomePay 1 year of mortgage: $850/mo X 12 mo = $10,200/yr mortgagePay property manager 7% of gross income: $45,000 X .07 = $3150/yr property managerPay a maintenance $300/mo for lawns/repairs: $230 X 12 = $3600/yr maintenanceNow for total profit: $29,250 (after taxes) - $10,200 (mortgage) - $3150 (pm) - $3600 (maint)Total of: $12,300/yr after all is said and done ($1025/mo).ReinvestingI plan on putting all of the money back into it, so: $850/mo (mortgage) + $1025 (reinvest) = $1875/moTherefore: The building will be totally paid off in less than 10 yearsBackgroundI'm in the Navy, so I'll be deployed for months on end without communication.

I've never paid to advertise.I consistently use Kijiji and its very effective in Hamilton, ON,I've also had good success with lawn and window signs.Keep it up...sometimes you need to be patient.Oh and I feel for you regarding cancellation/no-shows...Ive driven an 1.5hrs through traffic to show a place and the people didn't show....man can be frustrating....but once you have some solid tenants in place, more than makes up for it!

I'm finding more and more I need to calculate at 80% of GOI to account for vacancy and loss to lease.Single family house so all utilities, lawn care, etc are paid for by the tenant?  

Here are my expenses:$826 Interest on the loan$750 escrowed insurance, property tax$80 pool service$100 lawn service$50 HA Assn dues$50 Home Protection Plan$1856 total monthly expenses plus unexpected expense and rental management fees.2.

Massive down payments to create the perception of an artificial equity position or the "down payment" going into a reserve account held by the lender backed by an insurance policy that would facilitate X number of payments on the buyer's behalf in the event of job loss, disability, etc.?

Therefore, the rationale used to avoid reasonable alternative methods was mostly manifested.Briefly ignoring the hypothetical doomsday timeline created by the current Treasury Secretary, the actual need for $700 billion is an artificial amount that conveys more shock value or an extreme willingness to solve the problem rather than a strategic plan.

It's developed as it can get, and either side of the parcel are already developed.Here are the expenses:Snow removal - $20 per snow fall (seems concerningly low)Lawn care - $25 per week (seems about right considering there's very little grass)Insurance - costs her $1600 a yearTaxes - $8100 per yearWater/Sewer - $175 per monthShe acknowledges her rents are very low, but attributes her 100% occupancy rate to the low rents.

Despite being on a well (free water) they NEVER WATER the front lawn so it dies.I just got it back two weeks ago and went to take a look!

I'm thinking water, heat, sewer, garbage, lawn care and or snow service, etc.Also, I'm assuming the taxes and insurance are zero since you rolled that into the loan.At first glance the numbers seem ok.