In the real world, operating expenses run 45% to 50% of gross rents.

As you probably know, there was an old myth that if you could find a property that had gross rents of 1% of the purchase price, it could be a good deal.

An average day for me is 10-12 hours of WORK.I now earn over 6 figures on any given year.This year looks great as well.You expressed a desire not to work.And played the victim card as your introduction.Change you life.Change your attitude.And realize nothin is going to be given/handed to you.Earn your station in life.I am so sick of the people who think they are owed somthing lol.So in short change everything about who you are and you may amount to more than a drive through fast food employee.

To figure the cap rate, you take the gross rents plus any miscellaneous income (laundry, coke machines, etc.) and subtract ALL expenses except for the debt service (the mortgage payment).

The center will bring together about 65 employees from other sites.

2.5 - 3 times monthly rent as Gross Income is a benchmark I normal require.That many pets is always a cause for concern IMO.

The ask price is 180,000 with 2800/mo in gross rents.

What happens if they finish the job, file for unemployment, tell the IRS that they were your employees, and put you on the hook for tax withholding and FICA payments?

Property has no "on-site" employees with exception of cleaning staff.

So your acquisition cost for SFH is 3x higher but rental gross is only 2x.