, and how do you learn what the average rent you can charge is?

For example, if you are renting a property at $800/month, then the 50% number would estimate expenses of $400/month on average over the long run.

How would the mortgage products be for a secondary home since it would be my Mother and myself on paper for the loan and we both live in separate states from the property.

Thanks.5 Unit aparment house in Rhode Island7 Parking spaces for add. incomeAking 299,000Purcahsed for 250,000 ( 16% less than asking price ) 299,000 - 250,000 = 49,000 / 299,000 = 16( 25% Down{50,000.00})200,000 mort.30 Years7.8% fixed1439.74 monthRental Income525.00 for average unit ( This may be off for this area or not )Gross Monthly2625.00Yearly Gross31,500.00Parking Space Income175.00 month ( 7 x 25.00 = 175.00 )175.00 x 5% vacancy = 105.00Parking Space NOI 1995.00 yearlyExpensesGas ( 50.00 month, 600.00 yearly )Electric ( 100.00 month, 1200.00 yearly )Water ( 70.00 month, 900.00 yearly )Total Utilities ( 220,00 month, 2640.00 yerly ) Vacancy ( 131.00 month, 1575.00 yearly) (31,500 x 5% = 1575.00) Taxes ( 275 month, 3300.00 yearly )Insurance ( 100 month, 1200.00 yearly)Yearly Rehab ( 75 month, 900.00 yearly )Yearly Maint

Don' t use the local classifieds anymore since it is expensive and non productive.

Based on averages, you would have lost money every year since 2000.

A combination of salary averages mixed with the cost of living, taxes, and price on real estate.

That changed my average tenant stay to about 5 years.

I am a investment real estate agent so I see a lot of these type of deals go across my desk everyday and what I would recommend is that you evaluate several different product types for example apartments, retail (shopping centers), office, and industrial properties.

When I finally get my license and find a broker to hire me what can I expect to earn in my first year on average?