You will have vacancies, maintenance, advertising, legal fees, liability insurance, and numerous other expenses beyond taxes and insurance.

As Will said, you left out a BUNCH of the real world expenses such as taxes, management (even if you do it yourself), vacancies, advertising, office supplies, legal fees, entity maintenance, evictions, damage done by tenants in excess of the security deposit, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.

It seems that one of the members of the site thought it would behoove him to advertise his property for sale in 2 separate posts in almost every group that he was a part of.

They are active buyers2) Your local city housing authority (they will have a list of landlords advertising their section 8 rentals- look at the zip code and contact these individuals to see if they are interested in buying another great rental home for their portfolio that is just remodeled.3) Signs in the yard describing a great deal, home and price will draw attention as well, however I personally prefer a banner sign.

anyone else find it odd that this guy only has 2 posts and is advertising a service... these posts are getting rampant...

I have watched all legals ads and court postings since OCT 08 and i am sure if there was an auction it was not advertised.

Ratings and advertising dollars!!

How much advertising can you do in the local papers for $150.00?

Advertise your house for about half what it’s worth during a 5 day period starting any WEDNESDAY you choose, show it ONLY Saturday and Sunday for a few hours each day, and sell it Sunday night.

The retail price for good 2/1 homes are being advertised at about 100K to 120K but there are a few good deals tucked in here and there for 60K to 75K.