Add in our savings the following year, and there was another rental. 

Currently looking at the following deal. 

@Kristy F.You took the time to draw up the contract and draw schedule and then don’t follow it?

Hello I live on Oahu as a service member and would like to follow somebody’s footsteps/work with to learn how to invest and rent a property.

It would be nice to share ideas.A few more specifics: - I’m interested in single-family or small multi-family dwellings in A or B zones- The closer to the West Coast the better, but that said, I’d be willing to go all the way to Nova Scotia if that’s where the math works best...ideally I’d like to follow the one percent rule - Random detail: I’m actually a poet looking to support my writing habit through sound investing.

IncomeRent: $3600Laundry: $50Sub Total: $3650Expenses @6% INTP&I: $1769Taxes: $317Insurance: $120Vacancy: $365Repairs: $365CAPEX: $365Management: $365Total: $3666Difference: $8As I adjust the offer price I get the following numbers:INT 6%, Price: 295000, CF: 8INT 6%, Price: 275000, CF: 128INT 6%, Price: 275000, CF: 278I would personally manage the property allowing me to save the 365/mo in management fees for the first few years.2. what are your expenses every month?

Just google the locality followed by “real estate tax rates”.

There are universal principles of success that everyone who has ever succeeded has followed.

OK, I think I'm following you now.

Some, you have to treat them as if they were your children and just educate them, hold their hand a little bit until they get the process down packed. and if they can't then don't renew their lease/ worst case scenario evict based on failure to follow agreed upon lease/policy of the building.