Running numbers- how to be accurate

[Josh Cohen]

I am really interested in understanding how to run numbers on rental properties, particularly when it comes to estimating the unknown, such as potential repairs, rehabs etc.... I will pay you for your time. Thank you! JC

[Josh Cohen]

thank you Ben, I will check out your website and BP's tools.

Just to get a better idea.... if income from a rental property is $2400.00 per month,  I should estimate $1200.00 for expenses and if my mortgage is $1000.00, (=$2200.00 total cost per month) I can assume a cashflow of $200.00 per month. I realize that is a loose formula but it sounds like a good rough way to judge propertie. Did I understand correctly?

One more question if you don't mind... I don't know that I've ever heard anyone speak about fire insurance on BP. Is that typically included in most investors calculations?

Thank you again!

Josh