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)

Cap Ex maintenance alone doesn't make the cash flow NEARLY a fair comparison.  

If you have PITI the TI is in the monthly debt service payment.

I have a maintenance man and try to avoid GCs but I've worked with Matthew at Stott Brothers and he is a good guy, work is good, and reasonably priced.

It's a FREE meeting of landlords and flippers that is featuring a speaker from Columbus Building and Zoning Services.

While an emotional support dog does not quite afford the same status as a service dog, it does fall under the protection in terms of non-discrimination. 

It really also all depends on the tenants that can make upkeep either a scheduled maintenance thing or a nightmare.

If you are maxed out at 19 units doing everything yourself and looking to jump to 67, you clearly will need to bring in others to help you out ( i.e. manager, maintenance, design your systems and processes).  

The deal is as follows: Eightplex in Hickory NCAsking price $210,000 (trying to get it down to 150-170k, but am using 210k for the numbers) Gross rents: $2,900/month or $34,800/year (Between $330-400 a door) Tenants pay all utilitiesI am requesting a 1040 schedule E and the T12's from the seller, but for now am forced to use the 50% rule. using that, operating expenses are $17,400 NOI: $17,400Cap: 8.28 Debt Service: $8,700Equity Dividend rate: 16.5% The area isn't great or terrible, probably a C or C+ area.

First off, thank you for your service.