Other expenses - ballpark of 15-20% of gross rent goes towards maintenance & vacancy = N/ATotal = $47,000This is just an example I used with the information I was given.

If the stock market can (or might) give me 10% annual return over time, self directed real estate investing can give me 20% a year over time.

You made $10k on a $70k investment in less than two weeks which amounts to a 14% retrun and over 350% annualized return!

Purchase price = 180,000.Gross monthly- 3900, 46,800/yrTaxes= 4263/yrInsurance~ 1500/yrI figured 15% for PM so 7020/yrAnother 5% vacancy = 234010% maintenance= 4680NOI= 26,991Putting 20% down, the balance over 20 years at 6.5% is 1073.63/ month.

Joel Block has a bi-annual symposium you may consider attending and others like Gene Trowbridge also give multi-day courses on this.

I annualize my expected income and add in a 8-12% vacancy rate (average for US households).

Are there expenses looming such as deferred maintenance, old roofs, faulty, heaters plumbing and so on.

From communication, customer service down to maintenance and outsourcing for bigger jobs.

I've done many at 100% LTV by selling the financing instead of buying the property so to speak.Retirees want income, low taxes, no headaches or worries, no more maintenance, repairs, tax return complications, cleaning, advertising, tenant collections and issues.

One of the sources I used in evaluation(s) is the latest SEC annual report filing.