Many lenders also put a cap on the number of properties you can have as a criteria for lending to you.

What is the cap rate you are looking for?

The homestead exemption doesn't even do much, they've been reduced so much they are under the cap.There are formulas in MD for real property taxes that one can use to calculate based on assessed value in our system and caps, etc.

Fail.38.97% Cash-on-Cash Returns13.55% Cap RateRULES / RATIOS at $3,000 / month.50% Rule: $3,000/month = $1,500 to expenses, $935 debt service, $565 cashflow = $141/month per door.

While I haven't run the exact numbers the cap rate is around 2.6%.

At a 50% expense ratio your cap rate would be 4.7% but your loan is at 5%.

All expenses other than debt service is covered, including cap ex.

For example, If you're CAP rate is 7 percent and you then hire a management company at 5%, then it's tough to make the investment worth while.

You should consider putting together a pamphlet (of sorts) with pictures/video of the house, average rent (rentometer.com / finestexpert.com), CAP rate, comps, and house details of course (asking price, bd/ba/sqft, etc) Then I would jump on postlets.com and publish the information you put together. or Send the pamphlet to some wholesalers/investors and offer them ~$2500 if they find a buyer.

. $2650 rentX 12 = $31,800-$15,900 expenses (50% rule) $15,900 NOI= $177K at a 9% cap rateI wouldn't pay a price that high and that is well below asking price.