We have just recently changed it to a “sales page” style layout and are testing it now to track the results.

You can deduct all your actual operating expenses, all the mortgage interest, and the depreciation from your rental receipts.

Throughout the United States, operating expenses run 45% to 50% of gross rents (gross scheduled rents).

at that level of investment, your renters could buy cheaper than you could rent it to them after you factor in your profits and operating expenses....

I operate in a new area and have been shocked by the type of potential tenants I have been encountering to fill my units.

troyce,The 50% "rule" is nothing more than the fact that throughout the United States, operating expenses run 45% to 50% of the gross rents.

Over the years I have found that real estate investing communities are tight knit groups and word gets around quickly amongst investors and agents if someone operates in a less than above board manner (not that you would, I'm just saying).My general rule of thumb is that if someone gives me the lead then I go out of my way to make sure they get paid.

There has to be some sort of resource on the web that has been tracking this.

Just Do It" is excellent advice if you're buying a pair of tennis shoes, but terrible advice if you're starting a business (and operating rental properties IS a business).

Even more specifically, if you are in DC Metro (would love to meet people operating in the DC and Northern Virginia area).