Income & Expense 25Proforma Budget UnitsIncome:( average rent is $580)Gross Potential: $ 175,440Vacancy & Bad Debt: 7% (12,281) Monthly(actual 92% rented)Adjusted Gross: 163,159 $13,597Other, Misc.

My boss then proceeded to get a nylon tie down strap out of his truck and hooked it up to my machine and the rubber.

Even if the property was local and you loved being the hands-on manager you still need to budget for an external property manager.

So, as long as you budget for that end-of-year payment, you can have the use of that money throughout the year.

If you put in the time to learn and are open to travel (not required but still budget for it) then it could be possible.

Second, you should be budgeting monthly for the future repairs.

Carrying costs while rehabbing the house (monthly mortgage note, credit card payments and utilities) came out of our already overstuffed budget.

Even with higher priced properties, I would caution against going much above about $1,500 - $2,000, but it may make sense depending on the circumstances.Lastly, you pay them when the truck is loaded.

Hi,I am planning to buy a Mobile Home as my budget is small but I would like to own a home as I am fed up of paying rent month after month.

One waited in his truck until the atty showed up, the other was sitting on the steps & said he had been waiting all day.