http://www.biggerpockets.com/blogs/35/blog_posts/2580-financial-reports-what-they-really-tell-us#comments Comments from 'Financial Reports - What They Really Tell Us' in Michael Rossi's Landlording Blog at BiggerPockets.com http://www.biggerpockets.com/blogs/35/blog_posts/2580-financial-reports-what-they-really-tell-us#c_2104 http://www.biggerpockets.com/blogs/35/blog_posts/2580-financial-reports-what-they-really-tell-us#c_2104 Mike, I would love to see your actual operating expense (the way you calculate OE not the accountant's method) for your properties. I bet your OE:GR ratio is about 30%-35% on paper. I assume this because you run a very tight ship and there probably isn't a paper charge for your property management (10%) and labor (~5%). What do you think you will find? Kirk