BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

An insurance broker explained this to me in the past as the law of  large numbers which suggests if a a carrier has significant enough exposure in a market the probability of claims arising will be more consistent with probabilities calculated in their underwriting than a when a smaller sample size were to exist.

They now monitor the heat usage each month and send a bill to the tenants calculated from their usage and corresponding share of the gas bill.

There are a lot of calculators and resources here in BP that I think can help. 2) How can you do this most tax-efficiently and 3) Does it make sense for your lifestyle.

It’s also possible to have a negative net worth, which means your liabilities are greater than your assets.Examples of assets that may be included in your net worth include:Business interests Cash and savings Investments Personal propertyReal estateRetirement savingsVehicles Examples of liabilities that may be included in your net worth include:Credit card debtMedical billsMortgagesPersonal loans Student loan debtVehicle paymentsNet worth is very easy to calculate: You add up all your assets and subtract your liabilities.The net worth formula is:Net worth = Total assets – total liabilitiesHow to Select a Net Worth TrackerYou can choose from several net worth trackers to help you monitor your financial position.

Put your numbers in a BP calculator with some conservative rent growth and appreciation and see what happens in the next 10 years.

I need to have a way to roughly calculate how much I might earn in a land transaction. 

Hi Nathaniel - You have got the calculation in the previous post.

Your best bet if you want to know that is calling the Section 8 Housing Assistant assigned to your tenant and asking, they may be able to calculate what it would look like.

We spent about $9,500 on furnishings including furniture, electronics, kitchenware, bedding, towels, etc. for our 2/2 condos.For market pricing, I collect LTR data from BP rent calculator and multiply by 1.5x.