Rental Monthly Income $4,800.00 (8 rooms x 600) ------- 4800 x 12 = $57,600.00 Monthly Gross Operation Expenses Mortgage950.00 Taxes191.00 Insurance 166.00 Maintenance Housekeeping 216.00 Landscaping 60.00 Repairs 10% - 480.00 Operational Electrical 350.00 Water 150.00 Cable/Internet 150.00 Reserves 10% - 480.00 Total - $3,193.00 Annual Gross Operation Expenses Mortgage11,400.00 Taxes2,292.00 Insurance 1,992.00 Maintenance Housekeeping 2592.00 Landscaping 720.00 Repairs 10% - 5,760.00 Operational Electrical 4,200.00 Water 1,800.00 Cable/Internet 1,800.00 Reserves 10% - 5,760.00 Total - $38,316.00 57,600.00-38,316.00______________NOI $19,284.00 19284.00/46,000.00 (down payment) = 41% Cash on Cash Return (CCR)

Their current payment with mortgage insurance is about $700.

Higher monthly costs via higher insurance, taxes, etc?

Food and traveling are the two most important parts of my life!  

Through self education was able to become both a licensed insurance agent as well as Supply Chain Account Manager, each for over year.

The question I have is, does the insurance and property tax get calculated in as part of the 50% expense?

One idea for someone at your stage in life may also be to boost your human capital some by advancing in your career and saving for that first home (and a 2-4 unit is an ideal target).  

Your insurance might not cover a garage fire/explosion spreading to the attached house, and the heirs will be on you for his wrongful death.

It's the best social media connected CRM that I have found, if you are into that type of thing.Current property management app that I use is called RentecDirect.There are so many other apps that I can list, but, these are just a few that help my business work and make my life alot easier.

You may disagree with a person’s political beliefs, religious beliefs or life choices that have nothing to do with whether or not they will be a good renter.