Transfer taxes, recordation taxes, lenders title insurance, owners title insurance, closing fees, lender fees, appraisal, survey, deed prep, recording fees, insurance, escrow 

See attached Supplemental Income and Loss, statement. 

Most investors walk a building, identify windows and other benchmarks and rely on these elements in coming to their own conclusion on unit layouts and unit count.

It seems like the income is significantly reduced when there is a mortgage but as a newbie I am trying to figure this out.Thanks!!

By adopting a prudent approach and regularly monitoring market conditions, you can make informed decisions to maximize the long-term income potential of your rental property portfolio.

Stessa is great if you are just trying to record income and expenses per property.It is not a good tool if you want to keep track of balance sheet items.Best of luck.

The first lends itself to smaller properties and potentially higher turnover, whereas 3 could appeal to a larger group of people that may be there for a longer time period. 2)what’s the typical income of someone that rents in the area?

- Our end goal is to use the properties to replace our current income with a goal of 35-50k in passive income a month, are these numbers and the plan too unrealistic?

Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.

Hello everyone and happy tax day!