Expenses (including taxes, insurance, maintenance, vacancies, and management fees) are usually calculated at a rule of thumb 50%, so a 2% rent is roughly a 1% monthly return or 12% annually (if you paid cash.

I recommend sec 8 for new investors bescause sec 8 annual inspection will help u keep ur house in shape as well.

I realize I must still take the courses to qualify for the exam, but here's my real issue$60 Exam fee (one-time)$49 fingerprint fee (one-time)$245 license fee (annually)This is costly enough to make me ask if it's really worth it.

Anyway, I just received all the offer paperwork for me to initial/sign.

Well upon inspection and after I received the rule book the exterior has not been taken care of at all.

The best loan would be a 20-30 yr ARM, 80-85% LTV, with an annual/life increase limit of 2%/6% (I've seen 2%/5% as well, but much less common).

Regarding repairs for example, if there are damages caused by the tenant, you should point those out to the inspector when he/she does the annual re-inspection.

We received plenty of leads...mostly tire kickers.

I then received a call from one of the tenants a few days after I sent the letter.

Taxes are about $1400 annually.