(If you hover over that acronym you can find out what that means) People sometimes take their gross rental income and subtract PITI in order to get their cash flow.

I own a painting company and have no employees right now, i work 50 hrs a week for myself.

A few months ago I purchased a 6-unit on the west side of Chicago for $215k (with 5K seller contribution to closing costs) grossing around $57k per year.

Gross rent 3500Again, 2-3 flats are not my specialty.  

When you add the lease option to the rental payment of the tenant each month does a lender look at this as part of the Gross Rents when calculating the NOI?

I am looking to keep investing into a ROTH IRA preferably having one of my LLC make an employee contribution on my behalf.

. $28k per unit that is grossing $500 a month..

The building grosses about $1500/month with only 3 units occupied.

The gross rent yield is about (2350*12)/300000 = 9.4%.

Less Property Management - This is usually 10% - 14% of gross rents, plus leasing fees.Other expenses: While the above are the expenses universal to all landlords, sometimes landlords can be on the hook for utilities (if they don't have separately metered units, or pass these on to the tenant in the form of a utility bill), HOAs (I avoid these entirely, but many landlords do well working with HOAs), and more.Property Type - Most new investors deal with single-family, duplex, triplex, and quadplex properties.