The way the author puts debt service in and out of her calculation is confusing (and why the numbers don't match, as you mention).

I am currently working with HUD in Washington on modifications to the HUD guidelines for the local Housing Authorities on making the program more Landlord friendly.

It would be a standard FHA loan, shooting for the $400k range for a purchase price.I recognize that that $400k won't go that far around here, but I'm willing to go a ways out as long as I can take the commuter rail into Boston.

I use Zillow, rentometer, trulia, hot pads, apartments.com and I will look at the housing authority fair market rents for section 8 in my zip code.  

I bet he could just forward the information of the guest to the requesting authorities and most likely be off the hook.I would have a quick Q&A with your attorney about the liability exposure.

I also typically figure:$30-40/month/unit for water/sewer (can be confirmed with local water authority)$400/unit/year for insurance (talk with a local insurance agent)$120-150/month for lawn/snowFor other expenses, I want actuals:Property tax (municipal web site or call town hall)House utilities (available from seller, if applicable)Trash (available from seller, if applicable)Debt Service (calculate with mortgage tool)

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

The only exception is if you are a principal of the company raising the capital and own a significant interest in that company, with legal authority to bind the company in contracts.

So, if we were in your shoes, we'd be happy to drop our minimum return requirements to $60K from $100K on those deals.That said, that's just our criteria, and I recognize everyone has different business models and risk thresholds. 

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