Also contact an appraiser and inform them of you intentions to purchase and ask it they will provide you with a desk review or approximate market value in exchange for consideration of utilizing their future services.

For example, you completely ommitted advertising, management (even if you do it), maintenance (even if you do it), legal expenses, evictions, setout fees, damage done by tenants (in excess of the security deposit), entity maintenance, utilities paid by the owner during rehabs and vacancies, capital expenses (although not technically an operating expense), lawsuits, etc, etc, etc (I could go on and on and on).The good thing is that you're at break even, so this is not a disaster.

OK here's all the info I have: Two properties w/8 fully rented units, $3890 gross income/month, seperate utilities.

She has a license and I will be her assistant.I anticipate, as her assistant, to be able to inform customers of property details, record contact info, gather info about prospective listings, follow up with customers regarding bid placement acceptance or decline, place signs in yards.She will show houses, sign contracts.Also, would we be allowed to open our own office away from the agency that she works for?

This is, by far, the least expensive form of advertising and you should take advantage of it.Cold calling Rules:1.Never Stop before you're done2.Practice your scripts3.Let the phone ring three times4.Track your numbers5.Stand up6.No means you're closer to the yes[b]Business cards[/b]Business cards are yet another secret weapon in obtaining ample customers and beating out the competition that’s so prevalent in this industry.

They cut it up, put in roads and utilities, build houses and sell them.

Sears quoted a customer 7000 for formica on about 20 linear cabinet feet with the OLD doors.

(A Virtual Assistant is an independent entrepreneur providing administrative, creative and/or technical services utilizing advanced technological modes of communication and data delivery works from their own home office on a contractual basis).

The other thing we do with lease options is make the tenant responsible for repairs and all utilities if they were to own it themselves.

Operating expenses include taxes, insurance, management (even if you do it), maintenance, advertising, utilities (at least during vacancies), capital expenses (although not technically an operating expense), entity maintenance, legal fees, evictions, court costs, evictions, damage done by tenants in excess of the security deposit, I could go on and on.At any rate, you left out all of these expenses, which means your negative cash flow (even with your interest only loan) would be a monthly LOSS of about $768 per month (over time).Good Luck,Mike