I gave myself a book for Christmas does that count?

You need to see what is the highest and best use for your retail space and go after that tenant.Many landlords just rent to any retail tenant that comes along and that is where the big mistake happens.Most businesses I know are trying to upgrade to the nicest,highest traffic count,with the best anchor for the least cost per sq ft.You need to do much more research than just what you have posted.I agree the numbers are too light.

You will get better, more informed responses than mine soon enough, but one thing I know for sure: NEVER count on the seller’s claimed cap rate as a basis for your purchase.

A HML should count 75% of the rental income, so you may only break even on the loan.You might find a seller financed deal where you could provide a second on your place in lieu of a larger down payment.Stated income cash out refi?????

If you are charging only $800 a month rent, your expenses will still average about $6,000 a year.The other mistake is not counting lost rent as an expense.

In such an example, how do you all count it?

Hi Jonathan -- just a few things that have sunk in for me in my long illustrious (6 mths and counting!)

That's what the scammer is counting on.

Basically I'm looking at new electric service with new boxes, switches, baseboards and smoke detectors (quoted $1500, counting on $2000), fix some of the walls and windows, open up some odd wall choices (non-load bearing), and so some cosmetic work.

I assumed that would make my credit look good but I guess that didn't count for anything.