Property Management is going to run you 10% easy, not including lease-ups, marketing and any other hidden PM feesTaxes are closer to 6.8% (you won't get the homeowner exemption)Certain areas (most C's) are going to require you to pay for Utilities.Here are my example numbers from a down to the stud rehab:Annual ExpensesAnnual Property Taxes $2,750Annual Maintenance $1,800Annual Insurance $960Property Upkeep/Other $400Property Management $2,444Utilities$1,000.00Total: $9,354 Thoughts @Mark Ainley ?

So, it happens quite frequently when I will post a response in a thread, then I forget to click the button to "Follow" the discussion.

I was trying to be short hand and I guess I missed the mark.  

But many real deal people like Mark Ferguson probably never go to REI club meetings so you maybe have to research your market and reach out to meet the real players in Longmont.  

@Mark Nolan - Yes, it is a 401K loan from my workplace.

it's my interpretation that my lender is under the assumption that I will sell or rent at 6 month mark. 

Originally posted by @Mark Ainley:@Linda Liberatore Welcome to the site Linda!  

Originally posted by @Mark Nolan:@Jason D.Note that retirement funds can be invested directly into real estate.

Thanks,Mark

Be creative,This is what's done in RE offices, new listings are put up and a few marked sold are mixed in to do a couple things; 1. shows activity, moving the inventory 2. plants the seed of urgency in the minds of those looking, they will be marked sold any day!