That is in effect what you are doing and f you do not include PM fees in your underwriting.Your maintenance/cap ex fees is likely too low by a factor of 2.You are missing the misc charges like asset protection, bookkeeping/accounting/tax man, utilities due to property issues such as by a slab leak, legal/evictions, etc.The 50% rule is aggressive at this rent point and projects $82/month of cash flow.  

Just keep in mind your day-to-day operations and tax implications for whatever structure the attorney comes up with. 

Depending on the account size they make more in monthly income then the cash flow from holding on to rentals. 

You need your realtor to “guess” what it does to resale value and take that in to account.

.- Cashflow Day 1- Partners…make sure you have the ability to remove a partner- Clearly understand tax impacts such as bonus depreciation, recapture, negative capital accounts

Floridians are barred from using it. ;)If you are looking at buying rental properties, LLCs will not change your taxes, and S-corps will increase your taxes.

My sister and I are currently analyzing single-family and small multifamily rentals in Cleveland (Cuyahoga County), and we’re trying to get a more accurate estimate of property taxes for deal analysis.We know that the current tax amount shown on the Cuyahoga County Property Search site is based on prior assessed value, and taxes don’t always adjust immediately after a sale.

If contractors will share their target hourly rates with you, this will help you improve your own estimates.NOTE: the videos will come in handy to hold contractors ACCOUNTABLE!

The initial limited partnership syndications were terrible deals guaranteed to lose money - the investor was supposed to “harvest” tax losses.  

Have you accounted for taxes and insurance?