Is that 2,200 gross rents or 550?

There is some "employee parking" in the back.

I have ~$30k in gross monthly rents and don't feel the need to pay a property manager a minimum of 8% of that.

I know the tax breaks may make it up to you in the end, but it's nice to have some positive cash flow every month.Typical property management fee is 10% of gross rent.

W2 employee + RE investor, employer doesn't contribute towards HI premium.

You put in separate meters so that landlord does not pay water.700 X 12 = 8,400 X 8 units = 67,200 gross expected income67,200 GEI / .50 costs = 33,600 NOIReselling at a 9 cap you would get a sales price of around 380,000.380,000 - 110,000 (purchase costs and rehab) - resale commissions ( 22,800 at 6%) - closings costs 8,000 - 12,000 in additional holding costs = 227,200 gross proceeds from the sale.Now if the resale purchaser wants you to carry a 10% second note or cover their other closing costs then that number will be much smaller.The city can add additional things such as sprinklers to go in etc. that substantially raise rehab costs.

An active investor may deduct up to $25,000 of tax losses against ordinary income (assuming you meet Modified Adjusted Gross Income thresholds).

For example - employee wages and taxes due are high priority.

Five paid off houses with gross rents of $900 each would only give you a cash flow of about $2,250 per month.

Many of the responses seem to be written by either employees, or an employee of the firm.