If you were thinking that the 5% rate is monthly (based on $40k), then you'll be happy to know that it's an annual charge, which means your monthly interest would be $2000/12 = $166. 

My total annual energy/electric bill would be in the $2000-$3000 range (solar reduces it).

I then queried the data-set for each cohort and computed the median cap rate based on 50 percent of annual median rents divided by the median home value for each respective census tract.I then filtered the data set for cohorts with 100 or more samples to eliminate any potential outliers. 

And my annual cash on cash return will be 34%.

. $88,800 annual income from 8 unitsManagement 6% $5328Vacancy 6% $5328$4000 insurance (500 per unit)That leaves taxes, maintenance At asking price with 20% down financing of 80% at 6% 20 year note would be $13,182 a month, $158,188 per yearA bank would probably approve a note in the $750k range purchase price with a 1.05 debt coverage

Ideally you want the LLC to be in the state with optimal laws supporting liability protection while paying the minimum in annual fees and requirements.

Before this year I never made more than one purchase annually.

I break even on money most times on an annual basis.

Remember though there is a fine line between not enough inspections and too many - not enough and your property and leases go down the drain, too many and you end up upsetting good tenants which expect reasonable privacy - I'd shot for quarterly inspections or bi-annual inspections so long as there are move-in and move-out inspections as well. 8.

Once you are registered, there will be an annual filing fee.