I was never audited by the IRS and filed the LLC returns with such expenses itemized.

FinancingReviewing Rental Property Financials - Most Common Items I've seencommercial and portfolio lenders use a different methodology to determine your qualification.

Here is my number 727-433-2033 (its a Florida number i know, military thing lol) give me a call, would love to chat more!!!!

It is about 4 minutes from a military base which I think is a pretty good location for this type of rental.Susan - I agree with you about the vacancy rate and management fees and I have recalculated this one step further with 5% maintenance costs and I still get a cash flow of $499 Per month.

First of all, I'm a female and working in both IT (which really didn't exist back then save but the military projects) and real estate, which was even way more heavily dominated by men than it is now.

From that, you can calculate how much money the association has to set aside each year to have enough to replace those items when they do wear out."

After inspection, we found some minor items and a rather sizable repair issue that involved replacing some beams and rot (band board, beam, trim).

I didn't catch the cash deal item at the bottom of your initial post.

@Will Samsky use the 50% rule to do a quick analysis to see if it's a possible deal but always due an item by item analysis before making your final decision

Get a general outline of a particular niche, then research each item in the outline in more detail.