It is tough to make the single family properties cashflow, and small multi's will cashflow but are in a higher price point, and can require a lot of deferred maintenance.

Open to someone who does full service lawn maintenance when spring comes, too.

Insurance, Principle payments, interest, utilities, wages, maintenance, prop mgmt, vacancy, taxesAm I forgetting anything? 

Recently there were some maintenance issues that required they vacate the premises and stay in a hotel.

My calculations:_________________________________________________________Income:4 Mobile homes X $350 lot rent = $1400/month $1,400 X 12 = $16,8001 2bed/1bath house X $650 rent = $650/month$650 X 12 = $7,800Total Income = $24,600___________________________________________________________Expenses *Estimated:Taxes = $1,750 YrInsurance = $1,500 Yr*Landscaping = $1,200 Yr*Utilities = $850/month = $10,200 Yr*Maintenance = $25/month X 5 units = $125 X 12months = $1,500 Yr *Capita Expenditures = $35/month X 5 units = $175 X 12months = $2,100 YrTotal Expenses = $18,250_________________________________________________________Net Operating Income:Total Income / Total Expenses = Operating Income Percent$18,250 / $24,600 = 0.741 - 0.74 = 0.26 = 2.6%Net Operating Income Ratio = 2.6%______________________________________________________Cap Rate with current asking price:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $260,000 = 0.025Cap Rate = 2.5%___________________________________________________________Cap Rate with $100,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $100,000 = 0.0635Cap Rate = 6.4%__________________________________________________________Cap Rate with $60,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $60,000 = 0.1058Cap Rate = 10.6%_________________________________________________________Cap Rate with $75,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $75,000 = 0.0846Cap Rate = 8.5%

Hi, when i evaluate a property I generally put 10% monthly expense for repairs and maintenance and 7% for Capex expenditures to determine if a property is a possible buy.

Your current numbers aren't even taking into account maintenance, capex, vacancy.

Myself, Housekeeping manager (1), Maintenance specialist (1), Virtual Assistants (2), 1099s for cleaning, inventory, laundry jobs-how often do you do a “market survey” to check other properties?

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I purchased distressed buildings with so much deferred maintenance that I wouldn't trust any data they provide me.