Just keep on going and do not take them too seriously.  

The problem I ran into is the lender stopped lending in the area my project was located, so if you have an idea of the location let them know.

If so, I agree with @Mike O'ConnorAs Mike indicated, some on-going expenses are: Taxes, Insurance, Property Management, Maintenance, Capital expenditures, Vacancy, Utilities (if included).Don't underestimate vacancy rate, especially depending on where the property is located and how rents in the unit compare to others nearby.  

@Zachary Sargent @Patrick Howe @Robin Pritts @Sharie Jackson @Kaleb PackerWe all met at the ongoing project at 12749 S Racine (previously burnt out house) to discuss the scope of work for the project.

I have an ongoing stream of off-market deals in the NY Tri-state areathat I will be able to offer you. 

. $73,500/.175 = became the winning offer.Later on while doing my DD, I ran in through my excel, check taxes, called on insurance quotes, subtracted year 1 repairs, etc, to insure I had a great deal that I though I had.Another option is just to build an excel based on averages, then just plug the data in when chatting.

But the property was built in 1900, so it'll probably need some ongoing repairs.  

Just keep on going.  

Whereas, I'm suggesting that your mortgage/insurance payments will be more than $800/m, and all your other ongoing expenses (vacancy allowance, maintenance, management, taxes and miscellaneous) will result in your net income being much less than $800/m.I'm not saying I'm right, but am suggesting you double check all those factors.

I also thought it might help with ongoing unit management as I am now at 5 units and hope to expand by 5-10 units per year.