This particular property had around 625+/unit in cleaning expenses and normally has around $1,875/unit in repairs/supplies and about $700/unit for insurance annually.

I have brokered over $45 million of 2-4 units and all of them after capex and all expenses cashflow positive so they do bring in combined return of amortization + appreciation + mortgage paydown + rent growth annually. 5.5% money market is only a 2% return assuming inflation is at 3.5%.

I think you could go about turning the month to month to one year several ways...One suggestion is to simply let them know after you purchase that you only do annual leases ( and that sounds like your goal)....And then maybe let them know in the coming months you will be talking to them about this and offering a special one time chance to lock in their current rate for one year (which gives them and you predictability).

My other SFR in Marietta 3/2 1955 ranch has an annual premium of $720.

I do not know the procedure in Washington but I suspect that the assessment is made annually.

For someone trying to grow net-worth, 10-15% annualized return isn't going to get you tremendously far anytime soon.

Specifically, the language lifted from failed HB 1728 and added to these bills, the former, Section 101, 3, (E) does not include, with respect to a residential mortgage loan, a person, estate or trust that provides mortgage financing for the sale of 1 property in any 36 month period, provided that such loan:(i) Is fully amortizing(ii) Is with respect to a sale for which the seller determines in good faith and documents that the buyer has a reasonable ability to repay(iii) Has a fixed rate or an adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and life-time limitations on interest rate increases, and meets any other criteria the Federal banking agencies may subscribeContact your state representative and ask to have seller financing de-coupled from the following bills: HR4173 and the ‘Restoring American Financial Stability Act of 2010′.I invite you to follow up with your Senators (before the Senate bill is voted upon) and Congressmen (regarding an amendment should it pass the Senate) with emails, phone calls, letters and personal appointments when they’re back in our home states.

Rich The Wolf Family immigrated from Austria - Tyrol - in 1883 leaving behind one child in a Monastery - St.

total costs estimated around 5k.once all 5 units are rented, the annual income, less 8.3% vacancy, will be: $19140 annual expenses are as follows:insurance: $804taxes: $1620utilities: $3420PM: $2000allotment for maintence/repairs: $1200mortgage: $284 per month, $3404 / yearannual cash flow: $5,692. ($474 / month)everything looks good, what am I missing??

Harry Browne's 'Permanent Portfolio'http://crawlingroad.com/blog/2008/12/22/permanent-portfolio-historical-returns/Performance9.7% Compound Annual Growth Rate (CAGR) since 1972 with -4% as the worst single-year loss in 1981.