.$4,140 Late fees/Application fees$204,240 Effective Gross Rent-$2,424 Administrative-$1,850 Marketing-$9,000 Manager Salary-$16,900 Maintenance Salary-$1,166 Workman's Comp-$2,331 Payroll taxes-$18,914 Repair and Make ready-$1,200 Service contracts-$11,400 Management Fee-$540 Pest control-$780 Electric (common areas and office)-$3,060 Trash-$19,020 Water and sewer-$10,316 Insurance-$23,211 Property Taxes-$122,112 Total operating expenses$75,803 NOII do not have a 9-5 job.

Jobs explains what it takes to own/run a business successfully - I found this very applicable to REI.http://www.youtube.com/watch?

With the right application, there is nothing pertaining to RealEstate Investing that you can't find here - including money.

If push came to shove I could show the ability to buy under my contract, that makes a big difference as to making an agreement to purchase.However, let's consider the legal application of assigning any sale contract, i can purchase a contract to buy a car, or 10 cars at one shot maybe, and not be considered a dealer.

High heat bills will drive your tenants away.These days many tenant applicants and buyers often ask me in the initial contact, what kind of heat does the property have?

I'll try not to do too much advertising or self-promotion in this thread, but to summarize, we're not currently focused on search and offer/are building other tools for landlords (listing syndication, credit screening, online applications/leases/payments).

I have never made nor taken a RM and when I inquired they would not show anything until an application was made and the home was considered, in other words, no docs disclosed unless you are qualified.

Now, I'm looking to move towards the application.

My mind processes math very easily, though, and the math of real estate investment (more particularly owning rental homes) has me very interested.My goal is to save enough for a down payment on rental property, and in the meantime become as much of an expert as possible on the local market and applicable laws.

You can charge the tenant an application fee, so that your time is properly compensated.Good Luck, Mike