Units - 22Rent - 550 (1 at 490, 2 at 500 - old leases)Total monthly revenue - $11940ExpensesHis financials from 2015 Advertising - $0Electricity - $177Lawn care - $180Management - $0Maintenance - $0Gas - $61Pest control - $80Phone/internet - $214Insurance - $525Security - $58Trash - $561 - includes unitsWater - $166 - includes unitsTotal monthly - $2025Financing for 20 yearsDown payment - 15% no cash required lender to use existing property as collateralFinanced amount - $620500Rate - 4.5% assumed.

I love doing real estate related research and analysis (mostly on the internet since I'm at a computer all day anyway) and would be glad to share the experience and knowledge I do have. 

I love doing real estate related research and analysis (mostly on the internet since I'm at a computer all day anyway) and would be glad to share the experience and knowledge I do have.

Bandit signsmls cash buyersrental classifieds (internet)rental classifieds (newspaper)lead paint inspector contractorshard money lendersrealtorsauctionstitle companiesrent court

If you pulled out a per sf from the internet, expect to add at least half, ie 100/sf on other states be at 150/sf in SoCal.

I read somewhere on the Internet (and hence would like to confirm) that this rental cap number is determine based off number of investor-owned properties in the neighborhood.  

I actually am a real estate agent,  and I haven't been showing my own rental listings this year because I have two rehabs going, so instead of putting 2 of the 3 properties of our current rentals that became available this year on the internet and getting bombarded with all of that, I listed the properties *only* in MLS, blocked the feed to the internet, and am letting other agents deal with showing them.  

Most of the homework can be done right on the Internet.

Zillow and rentometer or some others internet sites becarefull using those sites.I want true numbers.

As I approach the finish line for my new venture in rehabbing (you can read about it here ) one of the needs I realized besides other, is that I must have a person readily available for deliveries, pickup material, somebody that can do my scouting of properties, do a daily check on the progress and quality, make payments to people that do not use internet banking etc...In other words, boots on the ground, since I live 4 hours away, and my partner is just too busy to do these things efficiently.For that reason I found a person that can do all these tasks, after his current daily job, and even self perform some things.