I'd find some info, but also more terms I didn't know like NOI (Net operating income) and CAP (capitalization rate) and GRM (gross rent multiplier), ROI (return on investment), ROE (return on equity), DTI (debt to income ratio), DSC (debt service coverage) and so on.

Price vs expenses: Combined gross rents come to $7,385.00 monthly, $88,620.00 annually.

He had accidentally pulled debt service out of his Gross so he was working with an inaccurate NOI.

I report Gross Rents as my top line item, then I have separate negative income items for Vacancy and Bad Debt.

But you can afford to pay more for $1000 in rent.The 50% rule says that 50% of gross market rents will get eaten up by vacancy (both actual and economic), expenses (per the IRS definition, that is, money you can deduct in the same year you spend it) and capital (money you spend in one year but that must be deducted over several.)

You do get to deduct all the costs of both the buy and sell transactions from any gross gains.

If you're renting $1k units, your tenants really need to gross $4k per month

Looks like $52k gross Raj if I take $5 and $7 per sqf.

.- Your gross monthly income must equal approximately three times or more the monthly rent.- Your debt-to-income ratio should be within FMCC/FNMA guidelines.- A favorable credit history.- Be employed and able to furnish adequate proof of the required income.- Good references, housekeeping, and property maintenance from your previous landlords.- No history of evictions or broken leases.- No criminal background.Is there a clause that I can add to indicate that preference will be given to the most favorable applicant as defined by the above criterion?

A 100K gross spread with 10K rehab is phenomenal.