The problem with that is that it includes utilities and I have no idea how much they are allowing for that.

My name is Ricardo (Rick or Ricky work just as well) and I'm a Latin music producer currently living in sunny LA.

I've done 3 deals and own a total of 11 doors with my own money and now want to start utilizing investor capital. 

Does the FCRA have any input on to whom I rent... meaning, does it create any limitations on my criteria:  no felonies in past 10 years, not on probation or parole, no evictions in past 10 years, good references from prior landlords, not owe money to any prior landlord or utility company, have reasonable credit, income is 3x rent, etc.

Should be 12800 incomeOur expenses are approximately 10k a month on average-3300 for mortgage-900 for insurance -3500-4000 for utilities (water and sewer are provided by us) and we have on site laundry that costs us 1400 dollars included in those utilities. -1000 to the resident manager-500 to maintenance guy-600 taxesOur issue right now is that the previous landlords let the tenants slide on rent sometimes.

Also Trump’s policies specifically targeted certain foriegn produced appliances like washing machines which are up 20% in price since January.

@Cody SkidmoreShould you decide to utilize the ROBS 401k to finance a real estate operating company, the following requirements from the real estate operating company side of things will apply.

But of course everything is free online if you would rather study that way.Make sure you are utilizing you local library!

For flips, I excel in valuing the as-is and as-repaired values and produce forward looking valuations based on market trends.

So i can see your point about making those 70k produce more on a similar deal and make more.