I.e.pay the mortgage, taxes, insurance, maintenance, utilities, etc., while depositing the income into his own accounts.  

- it's always good to see another Hoosier utilizing this great site!

Heres the way I calculate it,(Gross Scheduled Rent) - (Vacancy rate (at least 5-6%)) = Operating Income(Operating Income) - (Repairs & Maintenance + Utilities + Taxes + Insurance + Management Fees (at least 8%) + Replacement reserve (capX)) = NOIThen I simply divide the asking price by the NOI (Asking Price /  NOI) to get the cap rate.I can't find anything above 5 or 6 % at best, am I doing something wrong or does the MLS just suck that bad??

first - I would love to ask if there is something of a bubble in Krgz RE - and if it is sustainable as it clearly was in Moscow. if like in Moscow - there are no class A properties you may get OPMs (corp) to completely fund construction using their lease deposit and then have them pay the rental for the lease term to be your profit. just to make it easy - our prices, sizes etc are given per square foot, not m2 so you may divide 1 m2 by 10.89 to get the psf amount. then you may have to divide by the exchange rate of the EURUSD to get an exact comparison in costs.

The utility room is a nightmare.  

We will be utilizing it.

I am sure it will take several years for the benefits to flow through, but when the residents in that market see their utility bills drop substantially in the future, all landlords should be able to push market rents a little. 

Some areas won't let the tenant have certain utilities in their names.Kelly

Many around here would tell you to figure about 10% of additional expenses from your gross revenue, although your current rates and what other utilities you have to cover obviously make situations variable. 

New property to be managed professionally.Learn as much as possible about the real estate industry to determine where my short term and long term niche lie and to enable utilizing my strengths to add value in partnerships.My questions to the community:I prefer to invest in the greater Seattle or Washington / Oregon area.