Hey BP friends,I'm putting together an excel sheet to calculate potential rental property deals and wanted to ask for some insight/criticism/refining regarding my monthly expenses.So far I have the following:Mortgage: $350*Vacancy: 5%Maintenance: 10%Management: 10%Property Tax: $210*Insurance: $100*CapEx: 10%*based on my price range in Arlington, TX.I have to say they have added up much quicker than I expected (which I was told would happen).

There are two Condos in Washington DC that are next to each other and the question is this: If a first time homebuyer with excellent credit and money in the bank were to buy both Condos owned by one company with the intention to make one a rental, can both be put under the same loan or are there 2 separate sets of rules since one will be a rental property.

I found that area to be an excellent opportunity to create passive income and strong capital gains.Looking forward to connecting with you, who knows maybe even do a deal together!

"Yes I wanted to be a real estate millionaire, and no I didn't have any money," so this was a perfect fit!!

I found that area to be an excellent opportunity to create passive income and strong capital gains.Looking forward to connecting with you, who knows maybe even do a deal together!

So the added expense of a high end camera is not real worth it for us.The phone is compact, always fully charged, always with me & it does take excellent hi res pics that I can enlarge on it & has great video.

I found that area to be an excellent opportunity to create passive income and strong capital gains.Looking forward to connecting with you, who knows maybe even do a deal together!

As others have said, Hialeah is a great area to consider...North Miami and Miami Gardens are also excellent rental areas, but I don't know which would be most convenient for you distance wise.

@Abou C. targeting evictions is an excellent idea! 

I've already sorted through some basic numeric parameters via excel.