If you use the wealth formula that Stanley & Danko use in Millionaire next door ( (Gross Annual income*age)/10= Target Net worth ), they are 30k ahead of where they are supposed to be for their income & age.

For example, you completely ommitted advertising, management (even if you do it), maintenance (even if you do it), legal expenses, evictions, setout fees, damage done by tenants (in excess of the security deposit), entity maintenance, utilities paid by the owner during rehabs and vacancies, capital expenses (although not technically an operating expense), lawsuits, etc, etc, etc (I could go on and on and on).The good thing is that you're at break even, so this is not a disaster.

., Annually, Monthly, Bi-Weekly).

Annual taxes $1486, ins $1780, maint $1000.

I have heard people tell me that (at least in Minnesota) because the barriers of exit are so low, that 40% of the "licensed agents" are doing their annual recurring training and paying the license fee just in case they want to help out a family member or themselves when buying or selling a house.

I have two four-plexes that were built in the early 1950s and have required a fair amount of maintenance since I closed in May.

That's the selling price / annual rent.

I haven't included anything for upkeep, maintenance, vacancy, management etc.$18,000/year on $372,500 is 4.8%.Who are you hoping to wholesale this too?

Justin,Have you run into issues with the maintenance if something major went wrong?

What is really striking to me is that there is $1,490 for yard maintenance BUT NOT A PENNY FOR MAINTENANCE OF THE RENTALS.