I will often just use Mint to sort my expenses and income into categories where I will then export the .cv to a spreadsheet and run my financial reports.I think it would be pretty cool if they made a really simple and highly useful software application for Real Estate investors.

All links are from here: http://www.biggerpockets.com/articles/category/property-analysisCap rateUnderstanding Cap Rates (Capitalization Rates)Sq/Ft compareables, price comparablesEstimating Price Without Comparable CompsGRMGross Rent Multiplier - I read about this hereFor my current abode:Duplex, Purchase price of $260k, half rents for $1000/month130k acquisition (half of the property) 12k annual rent = 10.83 GRM for meThis property is my home and this is just an offset.

If I can be a part of finding my client a good property that will be a bonus.

You might schedule specific times for showings but give then an additional bonus if they will do 1 hr notice to show.

This way if they do leave, hopefully you are left with a bonus!

We do not fall within those categories (i.e.

And since most people fall into the less than $100,000 category the $2,000 or so investment will not be significant unless there is a large pool of these investors.

The pro's win in the solo-k category by far.

The spreadsheet I put together for my own analysis has a lot of what you cite in your calculator but I was SWAG-ing more on what the estimate for each category might be - I really like your analysis there.So, the conclusion is that I am going to: (1) pass on this particular property; (2) thank our realtor for his time and part ways; (3) educate ourselves further on the market as well as generally; and (4) watch for a better opportunity in the future.Thanks to all -Diane

Thanks to everyone who has responded, I appreciate all the advice, and will look to use it in closing future deals.The taxes and insurance are included in my months payment as will less than 20% down they won't let you pay them at the end of the year.And yes I lived in the home before moving out and turning it into a rental, which is how I was able to use FHA financing, I believe this strategy of moving every year or so is beneficial, as you get primary residence rates instead of investor rates when financing, however without rental income you do have to qualify for both mortgage payments.So as to one persons concern I do have rainy day money and my wife and I both wrk, and could cover both house payments with our income, so if worst came to worst and it sat empty we would be fine, and yes I am saving all$245 in a different account, and if it builds up over time I'll consider it a nice little bonus.