. $495 x 6 x 12 = $35,640 gross income. subtract 5% vacancy and your effective income is $33,858.

If you want the quick formula for your SFR:PGI (potential gross income)-VCL (vacancy and credit losses)+OI (other income--laundromat, cable etc)=EGI (effective gross income)-OE (operating expenses)=NOI (net operating income)If you get financing, you do not factor that into this equation.

Second, you would effectively have no skin in the game.

I guess I didn't give it a chance long enough to see what strategy was the most effective.

In the unfortunate event that a case is filed then proceed the lawful way....keep in mind, the tenant you offended is simply going to find another S8 friendly apartment...why would she waste her time with fighting with you/trying to get you to rent to her...doesn't make sense...so this will pass by IMHO.Also be easy on Dad, he was just trying to help :-)

It seems to be a waste of time talking to non-investors about your investment deals.

Also would our decision to finance the building + assets together or separately have any effect on this?

I personally dont think the value of the property is as effected as other areas and rental should be decent.

So, if these tend to appeal to an older demographic, does this effect how you accept online payments and application?  

Do I have to suck it up and pay $1.50 per letter, or is using the home printer trick really that effective?