You have numerous other expenses, including property management, advertising, maintenance, legal fees, utilities, vacancies, tenant screening, and who knows what else.

Taxes, insurance, utilities, lawn care, maintenance (other than your rehab).

I am doing ok I own 10 single family homes which I acquired “Subject to” and 6 mobile homes.My long term goal is to acquire about 50 Single family homes Subject to and open a 200 lot Mobile Home park.My goals for this year are to double last years purchases and Establish and incredible Business line of credit for the purchase of more mobile homes.Personal info can be found out on my MySpace pagehttp://www.myspace.com/mystictxIf you’re in the Houston area give me a call I will be glad to give advice and I would love to learn some new tricks as well

Basically you send one of the big three a utility bill and copy of your driver's license.

Its good to utilize your resources.

We have been putting these properties in an exel spreadhseet and then hitting Zillow and the county records to fill in some of the missing information such as delinquent taxes, public utilities owing etc.I have also thought about hitting the REO listing agents to do a lot of the ground work for us.

I would buy as many SFH's or Multi Units as possible with the 200K put tenants in them, head to your local bank which does portfolio loans and get LOC on them and repeat the process one more time.This way you can utilize the power of leverage and get some decent portfolio of rental properties.

Here is the exact quote about the data://Begin quoteThat percentage applies all over the U.S. for all types of residential property including those where the owner pays all utilities and those where the tenant pays all utilities.

I want to take my business to the next level by establishing the documentation and processes that insure compliance with state/federal regulations and create notes that are marketable to note buyers.

The average rental (4 to 5 beds, 1 to 2 baths) on this street runs from $800 to $1100 without utilities.3 out of 4 bedrooms are under lease and will be renting out the fourth bedroom as soon as I find a second property within my target range.