Reliable a d not too expensive.

I’ve been subsidizing the living expenses of my disabled mother for the past year - it’s a strain financially.

In your other post you mentioned that you couldn't afford insurance on this property, and insurance isn't included in your expenses listed above.

Rents   ( actual expenses)= Net Income  - this is your cash flow. = (depreciation)    Net taxable income    If you qualify for New 20% passthrough deduction, you only get taxed at 805 of your Net taxable income. 

New Jersey as any resident knows is a tough market and very expensive (it took us over a year to find our house), but I assume that it is relative wherever you may be.  

As a new investor, sometimes it could actually be more expensive not to use a GC.

Plus other closing expenses. $26k-$36k right there. 

@Claudia Lewis,I'd consider all to be normal wear and tear.The only possible exception would be if the blinds were the expensive wide plantation type blinds that cost a couple hundred dollars per window. 

#CaliforniaPoliticsThe liberals already want the top 1% to pay for the rest of the world, since apparently having a high income in California (where everything is crazy expensive) makes you Uber rich and can afford it.  

Cheap market, but the fees/additional soft expenses drive me crazy, and you always see them at the VERY END!