I elaborately divvy every dime into the Schedule E categories - repairs, maintenance, cleaning etc etc.

I will take 425 a unit X 9 = 3,825 month X 12 = 45,900 potential gross incomeWith a building that age I bet there are big issues behind the walls with electrical, and other things asbestos, etc. so I would go 60% annual costs for property management, vacancy, and O and E.45,900 X .40 (60%) costs = 18,360At a 10 cap that would be 183,600 purchase without immediate deferred maintenance which would come off of the sales price.

Hi @Carolina E.

HiGenerally also bulk e-mail has a low response rate, this because it is cold leads.

@Elisha Keller ,Ironically, we just had a recent thread about this: Tax Deduction on Live In DuplexYes, it would be prorated between Schedule E and Schedule A based upon square footage.

Which is why I think "The E-Myth" book is just as important as "Rich Dad Poor Dad" - but at different times in a career.

A while back I saw this list on BP - it might give you some ideas: Posted by Kenneth E on Bigger Pockets - Sept 12, 2012 Hey guys, over time I have taken lots of ideas from BP on finding motivated sellers.

Chris, Have your broker to fax Ofori and Assoc at their Hartford, Connecticut office telling then you will go after their E & O insurance if they don't get their act together and Ofori and Assoc, they only manage HUD homes for sale.

Gary E.

We also set-up an e-mail address specific to each unit we are advertising and include it in our on-line advertisements.