Any advice contained in this post is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter that is contained in this document.

Mortgage Rate 5.00% Length of Mortgage in years 30   Monthly Mortgage payment $342.22 Last Years Taxes $ 216.67 $ 2,600.00 Sewer and Water $ 100.00 $ 1,200.00 Trash $ 100.00 $ 1,200.00 Heat/Utilities $ 166.67 $ 2,000.00 Lawncare $ 78.00 $ 936.00 Cap Ex and Ops $ 200.00 $ 2,400.00 Insurance $ 108.33 $ 1,300.00 Mgmt Fee $ 180.00 10% Vacancy $ 180.00 10% Total Expenses $1,671.89     Unit 1 $ 450.00 Unit 2 $ 450.00 Unit 3 $ 450.00 Unit 4 $ 450.00 Unit 5 $ - Unit 6 $ - Total Revenue $ 1,800.00     Cashflow/month $ 128.11   Cashflow/year $ 1,537.31   Cash on Cash Return 6.61%  

Revenues last quarter, compared to GM, show that Tesla is no longer 'small.'

I'm still in the development phase of the company, and am not generating much revenue (expect to soon...).Current stats:Credit Score >750Credit util 8%Personal bank accnt = 60kCompany bank accnt = 50k Current monthly payments (car & health ins) = $800Currently paying myself $7500/month (transfer from company bank to my personal)I'm going to be submitting several apartment rental applications.

But, as @Myka Artis said, if you can do it right, it can be 2-3x a traditional rental's revenue. 

The club is dependent on other revenue generating activities.  

Thus, S-corp becomes more valuable once you start making more money.Any advice contained in this post is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter that is contained in this document.

Hi @Priyanshu Adathakkar and @Adam Adams, The threats to Section 1031 of the Internal Revenue Code ("1031 Exchange") tend to surface every 3 to 5 years.

Figure 50% of gross revenue goes to cover expenses, so your taxes, insurance, vacancy, property management (either paying a manager or "paying yourself" if you self-manage), maintenance & repair, and capex should cost around $625/month.

Most people use the 50% "rule" for how much revenue will get eaten up by expenses.