Bob,Does that include mortgage payment or only the rent minus taxes and insurance, also you said "purchase in the same year as the home I purchase would about if purchase the next year does 75% apply or I can use all of the rental income to report?

You can often call the utility company and get the past monthly average for the two years which might help.2: be sure to account for exterior maintenance including snow removal.All that said, if you are this far into evaluating, go take a look and see if it is something worth pursuing further.

If you have enough time, the same platforms that everyone (PM included) used to list can give you a pretty good idea. 

Upgrades will include new solid surface countertop, cabinets, upgraded laminate flooring, trim, and carpet in the bedrooms.  

Uncle Sam gets 40% including SE taxes. 

Set up your key words and include "Raleigh." 

They all need new kitchens and bathrooms (plumbing included). 1 needs Mold Remediation due to corroding pipes in the basement.

Please let me know if I'm not including any expenses or missing something key.Property Details:- 3 / 2, 1374 sqft, $89k askingExpenses ($802)P&I: $369Tax: $188Insurance: $70Utilities: $50Vacancy: 5% ($62.50)CapEx: 5% ($62.50)Total Investment (Down Payment + Closing + Repair) = $25,499Rent = $1250Cash Flow = $448Cash On Cash ROI = 21.08%This is a single family home in an area where I've competitively estimated the rent (Most units running between $1150 and $1450). 

At that aquisition cost (is that including rehab?)

A few hosts include a disclaimer about it on the listing - one said it was a "working class neighborhood", haha.