Hey BP, I'm analyzing potential deals and seeing some annual taxes that seem higher than other properties at the same listing price.

BPers,I am analyzing my first apartment deal and find the PM costs suspect.  The sellers claim 6k a year for 32 units that bring 240k in rents.  Can this be true?Does $620/door sound adequate for a 1.2mil asking price...

If I were in CA with the $800 annual LLC fee (and quarterly reporting requirements?)

The last line in the chart it produces called Annualized Total Return has an odd way of computing.

We backed into that number by ensuring that our investors get at least a 33% annual return on their capital based on conservative projections. 

... or you are on an annualized plan.

So my plan is to try and find a home with a de-attached mother-in-law suite to 1) rent out annually or 2) AirBNBI am intrigued with the AirBnb model because in Pinellas county last year alone AirBnb hosts grossed $270MM in revenue.

I would have a greater annual income with a long term lease.

I put down a purchase price of $110,000 for this report.I had some trouble figuring out the Annual Property Taxes for this property as well as others.

Rent rates in my market (Indianapolis) don't change very much year to year, but HOA's notoriously increase annually which reduces cash flow each year.With that being said, most people who are renting out a mortgaged home are doing so with an equity based model as opposed to a cash flow based model.