Here is the details:Cashflow = Rental income - HOA - Insurance (Ho6) - Property Tax - misc operating expenses + Tax savingsReturn on cash = cashflow / cash investedTax savings (assuming 25% federal income tax + 10% CA state income tax): Depreciation tax savings = $480000 x 0.7 / 27.5 x 0.35 = $4276   (based on this property tax record, 70% of accessed value is improvement, 30% is land, we cannot depreciate land)HOA tax savings = $310 x 12 x 0.35 = $1302Property tax is around $5760, and tax savings on property tax is ~$2016So total tax savings: $4276 + $1302 + $2016 = $7594 is more than enough to cancel out the property tax and Ho6 insurance (which is very inexpensive for a 2 bedroom unit, I pay around $200/year for my 2 BR townhouses/condos) and misc expenses I use a sophisticated excel software to analyze deals in detail, especially when leverage is involved. 

lend private money, buy apartment's, build a hotel, buy vacation rentals around the us and virgin islands so I can travel more?  

Would love to hear from buy and hold investors in Rhode Island and Connecticut!

Now being said " I was  born and raised on Long Island.

I am currently an undergraduate student in Columbus, Ohio with plans to move to South Carolina and begin my real estate investing career in the Hilton Head Island area, Charleston area, and/or other surrounding areas.

Looking for hard money & private lenders in Rhode signs. Can anyone refer a company?

I live on the East End of Long Island. lets meet up sometime on my way from the ferry

I am a Real Estate broker here on the Island.  

My name is Calvin Clark, and i'm an Electrical Engineer originally from the tiny island of Guam.

My name is Jason and I'm new to BiggerPockets.  I'm 28 years old from Warwick, RI and have been looking to get into real estate investing for some time now.  I've decided I'm now ready to take the plunge.  I've been w...