I'm a total noob in the real estate markets.

Analyzed based on total revenues and expenses.

Hi BPers,I'm gearing up for a direct mail campaign and I realized that I was a bit unsure about how a subject to transaction would work in DC, due to the fact that DC charges a pretty hefty transfer and recordation tax of 1.45% on each side of the transaction (2.9% total).

Using the standard vacancy rate of 8% of rent gives you $106/month and a standard property management rate of 10% of rent gives you 132.50/month.Adding these normal operating business costs give you $66.25 + 106 + 132.50 = $304.75Your total all in expense at $1,308.20/month.

A lot of the calls are a total waste of time.

Hi BP Community, Total newbie here. 

Hey Blake, I'm a complete and total newbie, but a book that has helped take steps towards my own financial freedom and helped me decide to commit to it is Grant Cardone's 10X Rule.

Maybe your first year you have to accept non-college students and transition totally in 2019?

On a more recent purchase we bought 12 units at once from a retiring landlord/friend out of his total of about 25 units.

Is that $3000 per unit or $3000 total?