There are ways to use IRA money to set up an operating business (vs. an investment business.)

You missed a BUNCH of the expenses, such as vacancies, management (even if you do it yourself), advertising, utilities (at least during vacancies), legal fees, evictions, capital expenses (not technically an operating expense), etc.

(Try and stump everyone on this site I bet you can't) I have asked many questions some very stupid some that were good questions no one will judge you and you will always get an answer, many times from many different people with very different experiences.

Dan Inc,My name is Matthew Hanna and I am the Customer Operations Manager for Click2Mail.

Originally posted by Michael Rossi:Here is how I see this deal: Gross rents: $2,500 per month Operating Expenses: $1,250 per month NOI: $1,250 per month Mortgage ($215K with rehab, 30 yr, 7%): $1,430 per month Cash flow: $180 LOSS per month (OUCH!)

Go do a deal using the "so much" stuff you learned from this coaching operation.

Operating rental properties is all about the numbers.

Hi, i am new here from spain, hope all of your co-operation in this forum.thanks

Do not act in a negligent manner while operating your business.

If the tenant is there and paying the rent and your only expense are insurance and taxes (interest is not an operational expense), then the expenses might be only 10-20% of what you collect that month.