I got the rent roll and past 6 months expense report by the property management company.

You can typically do the math from there. 

Ask for the Rent Roll and the Trailing 12 Income & Expense report, then see what your NOI looks like.

Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental

By that time, you'll have a couple years under your belt to prove to lenders that you have experience investing in RE, you have reportable rental income to support your expenses, and that your small business is not a liability.

Thanks Blake and Kyle...I heard back from Cozy and they said their revenue model consists of making money from charging for screening reports, collecting 2.75% from tenants who pay with credit/debit cards and the $2.99 per month per unit for quicker deposits. 

Does anyone know what's typical or know where I can find what % I should put in the calculator for the following in Indianapolis :Vacancy Repairs and Maintenance Cap ExAnnual GrowthAnnual PV Growth Annual Expenses GrowthSales Expenses Thanks!

I have requested a copy of the appraisal report.

Many landlords have reported that dog washing stations are the most used amenity in their building.

Obviously, more might come out during DD when I get the financials.In a typical buy & hold deal, I look for 12-15% cash on cash and somewhere around 30% total annualized ROI.