Less expenses (you can use 50%, but it could be more or less depending on many factors such as owner paid utilities, etc.)Now that you have an estimated NOI, you can calculate if the ask price is too high, in line, or lucky you, under valued.NOTE: Whne I mention this standard formula, it is used only to gage if I should put more time in investigating the property.

Vacancies, economic vacancy (like the "two months free" you mention), advertising, utilities when vacant, evictions, tenant damage (brand new or not, tenants can still do damage), CPA, Lawyer, maintenance, property management, etc.

However, who is currently paying the utilities?

$1310.08 Utilities/taxes?

Draft by design, not by default!

Find out what they are renting for and what utilities are included and set your rents with the current market.

If you have incurred a short term financial hardship and your loan is 90 days to 365 days past due a special forbearance is designed to provide you with more relief than is possible with a regular repayment plan.

The 121 exclusion was designed for personal residences and not for investment property.

We will likely design most of this and produce a very close map for the surveyor to follow.

I will not be bringing in sewer or water so only the two utilities.