If you had four of them, it would put you at $466.65/mo for water/sewerYou should also take into account lawn maintenance. 

@Samuel Carmichael besides what @Brandon Ingegneri said about looking at absolute dollar amounts to figure out if it's even worth the aggravation, I also agree with @Michinori Kaneko about looking at percentages.Personally I look at percentages first, namely 1) cash on cash return (yearly money back after all expenses including mortgage, divided by all money invested to get it rentable) and 2) debt service coverage ratio (net income after operating expenses but before mortgage payment, divided by the mortgage payment).The first is (obviously) a measure of return, while the second is more of a measure of risk as it tells you how much of a buffer you have between the property's net income and the monthly fixed mortgage payment.After you get a little more experience you'll also start to factor things like replacement reserves into account.

Account ClosedHello Maria,I appreciate this information.

But each month I have to put in cash to account for all its expenses.

Originally posted by Account Closed:I charge a pet fee even if they say it's a service animal.

I would go through everything and have your accountant review the financials as well.

Account Closed  MIke I don't know how they work in Texas.but in CA when our family was quite active in this.. it was all across the board on what title companies would do,  even though in CA there is NO right of redemption..

I'm 25 years old, living in Ottawa and recently graduated university with a BComm in accounting.

If you have a need for assistance with anything (driving for dollars, running numbers, organizing data, manual labor, etc), I would love the chance to help out in exchange for just being around the process.I am located near downtown Fort Worth, TX.

Our accounts are with BBVA Compass.