Being new to this I am estimating based on numbers I'm seeing from the BP calculators and from other posts I see for these kinds of things, trying to account for all eventualities as a "conservative" estimate hoping that I would have  expenses to cover the unexpected.I also appreciate your advice about managers and using a handyman as a proxy, paid hourly.Account Closed - Definitely not an equity play, just trying to understand how to make these numbers and deals make sense.

The one issue with having different portfolios in Appfolio is that all the money flows into the main account and you can't have separate bank accounts for each separate portfolio, I don't know if that is an issue for you or not, but felt it was worth mentioning.  

There maybe a little room to raise rent, but it is unlikely to cover all of it (and that is not accounting for any future expenses, such as capex or maintenance).

There maybe a little room to raise rent, but it is unlikely to cover all of it (and that is not accounting for any future expenses, such as capex or maintenance).

Yes this is the cost of doing business, and you should factor your business such that your taking these additional costs into account.

Originally posted by @Jacob Rhein:Thanks to @Michael Plaks, Account Closed for your feedback.

Originally posted by Account Closed:@Adam Adams3 appartment buildings and 6 houses with 40k in hand121k gross income at say 10% annual that's 1,2m worth of real estate That's a 30:1 leverage...or 97% LTVI want the name of your lenderHonestly after the subprime crisis mess, i thought they would ban that kind of excessive leverage but it seems it is back to business as usual My average LTV is closer around 55% *NOT 97% The part you missed is: I'm not paying market value: To be clear, my lenders are private lenders.For example:Step One: 40k in the bankStep Two: Purchase 100k worth of property which grosses 18k/yr.

Make sure you account for the deposit within the timeline set forth in Texas which is within 30 days of move out and receiving a forwarding address 

Account Closed all pretty good questions. 

Will still be cheaper than hiring contractors to do it all.I know I should probably start working with an accountant but I just want to make sure I'm not shooting myself in the foot tax-wise with anything I do in the next month.