To expedite the arrival of your status quo, 15 - 20 properties, you should seriously explore the power of leveraging your money.

Even if it were, by definition to arrive at that 50% average, some will have less and others more.

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

.- arrive early, stay late.- immediately place contact info from networking into my database. - Go to county courthouse- learn what info is available from clerks.- setup DBA- network- Locate good webdesigner to set up business website.- Design & printout business cards using local business.- Use local business to manufacture fifty bandit signs

It is either dropped off with my agent or it arrives in the mail (depending upon what I am doing with the purchase)

Is monthly rent x's 12 x's 10 = a good basis for a selling price? Is now the time to be selling a cash cow investment?

Regards

Sonny

When I arrived I found HUGE holes in a couple of walls, various wires within the walls had been cut, and some lengths removed, 5 interior doors that had been kicked in, truly nasty carpet, dead lawn, a kitchen that a hand grenade would have improved, a hole through the sheetrock and brick where a window/wall A/C had been removed, etc, etc.

You may be able to afford to look how you want when you have arrived, but when you are on the journey, you may need to look the part as sad as it is...

After lengthy conversations with my partners, attorney, and accountant - we arrived at where you are.

In addition, since this unit has owner payed utilities, the expenses could very well be above 50% of gross rents.When I analize these deals (quick analysis), i take the max. gross rent, subtract out the "current vacancy" arriving at the adkusted gross income.