I took the year, replacement cost and lifespan of all major items to arrive at this number, then added a 10% buffer.My closing costs were a little high due to 25% down and paying points to hit 4.125% interest rate.I have some equity and would like to keep growing my portfolio.

An internet firm accepted an investor/realtor licensee but shortly after he arrived, required that the broker be on all his contracts - and split the commission with him.

You will probably arrive at the same conclusion as anyone else..Think of an LLC as a firewall, it can contain the fire in one segement of your portfolio and avoid loosing everything.

Or get jobs before you arrive.

So I actually worked the numbers backwards until I arrived at $200/door.

Both of them are on the deed for the house, He went down to the probate court to file a petition to gain power of attorney over the property they told him that they will have to run it in the local papers for a couple weeks it's now been 2 months and they can't give him any updates on the probate.

Hello Lisa and welcome to the neighborhood, As a recent arrival myself, I would greatly recommend the RPOA and their podcast.

I also take average rents for similar houses in that neighborhood, look at DOM and subtract about $50 to arrive at my rent price.- 100/month for repairs and maintenance- Equivalent to one month's rent for vacancy/turnover etc- Insurance costs + 10%- HOA costs + 10%- Taxes + 10%- Management fees of about 9% of gross rent (fee will decrease with more properties)and after all expenses - (rent x 12 - expenses/ cash invested) my goal is about 6.5%.

Also make sure you get it at a good price (learn how to arrive at a good price searching the forums here).

The exception to this occurs when the selling price falls too far below "market value" (there is a formula they use to arrive at that); if too low a selling price, then transfer taxes are based on that "market value".