Chad, it's not capital gains, it's ordinary income, plus self employment taxes(both sides of SS/Medicaid).

Also, @Scott Voytko, the river thing is a common misconception.

Hi Andre -Of the local wholesalers I've connected with, I've seen it all, but this tends to be what's most common in my experience from them:-Use a flat $25,000 for all properties-Take a completely uneducated and wild guess-Partner with a GC or good handyman to estimateI prefer when they use option 3 personally :)

Carpet is another thing to take a look at, common area carpets need to be redone frequently.

So what's within your walls is yours, but, your still paying for common elements and use of the property as a whole, hence the reason for HOA dues.

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Is this common?

.) - 75 Expenses $820 (I did not include utilities because normally tenants pay for that, but find out what is common in your area.Net Operating Income NOI (Income - Expenses) = $680Cash Flow: $680 - $1134 debt service = -454 You will not cash flow on this property, even if you get $1600 for rent and self manage, so this option is a no go.

I hope I get this one, but changing tenant attitudes toward keeping the common areas uncluttered and clean will be an uphill battle.

It's just very common.