This income will be added to your regualar w2 or business income to determine your total debt to income ratio (DTI) against your debts and monthly mortgage costs.To calculate your net rental income, your total rents collected for the year are added to deductible expenses (taxes,insurance, interest, depreciation).

I have the property under contract and will be closing with cash, I then hope to execute the additional transaction (sale from me to end buyer for the higher price), both transactions will be at same title company; double close.

Not to downplay a realtor, but in this transaction I would be getting in touch with a good real estate attorney, who has good and trustworthy title companies and keep the realtor out of it.

The toughest part would be insurance and tax rates but those you can get close enough through searching, at least close enough to do some quick number crunching.

I wouldn't go that route, as you lose some of your title protections that way.

Anybody have a referral for a title/escrow company that has experience with investors and does hold opens in the Phoenix, AZ area?

Of course there are financing, closing costs, taxes, insurance and utilities during your hold period that reduce this to your 'net profit' something less Some would say 70% of ARV is a great deal.

I like to go one step further when I mail to an LLC & go to the state corporation site and look up the owner's name and address and mail directly to them so that it's more personal.my rule of thumb when mailing to anyone not titled personally is to limit the mail to those properties that I have a real interest in and not a blanket mailer.

This is mixed use as well as storage would be mixed use.. so check your zoning.. and insurance.. 

The term sheet they offer is:-75% LTV -30 year fixed, rate at 6.88% with $689 to buy down- 1% of loan amount- Processing fee: $795-Attorney closing fee: $500-Title review fee: $500-appraisal fee: $660-$750 closing with LLCand other regular closing cost.