So if your mortgage payment is $1,000, you need to net (not gross) $1,200 per month.

I will also have the seller pay/credit closing costs--therefore paying a higher sale price for the property.The duplex currently gross rents for $1,200 ($600 per side).

Thanks for the input.Jeff S. so as a gauge you would put capital expenditures at 15% of gross rent?

Since you are only paying trash and not other utilities I would do it this way.400 by 5 units = 2,000 a month2,000 a month by 12 = 24,000 gross expected rentsTake 55% annual costs.10% management10% vacancy35% operating expensesEven if you manage yourself to save the 10% you STILL count it.

While there are some apartment shares or gross old homes a little cheaper, my price is the same as most others that I've seen.

If gross rent for that unit is $1,500 or more the decision is much less clear.

My quick math would be gross of 35,040, NOI would be 17,520.

We'll work together on a deal by deal basis to start and will pay either 5 or 6% of the gross profit.

.$2875 gross scheduled rent implies $1437 in monthly expenses.

The gross problem detected?