If in doubt, apply your own vacancy allowance (on a 6-plex, we would use 8.33 (1 month in 12) or 10% depending on the locale).Additionally, we never count the laundry revenue - our experience has been that if negates out the extra cost of the commercial machines, their operation, and upkeep  (others seem to like them).I can be of no help with the roof ... tiles do not like winter, so we have never encountered one.That said, it could be alright ... bring the rest of the numbers once you have them.

Build your own knowledge in rehabbing and apply the business knowledge you gained in your existing company to your new RE future.

I spoke to a CPA yesterday who said that the rule only applies to companies who used to be C Corps and switched to S Corp status.  

The 2% rule does not necessarily apply in all markets.

Under our CA state Prop 65 Landlords must notify others even if our Gardeners apply weed killers and 100s of other toxic chemicals. if a renters kid or pet got sick we could be sued if we violated basic prop 65 rules.

Money designated in one area could be applied elsewhere...unless you run into this guy.

Maybe @Joshua Dorkin can work some magic and get BP Pros hooked up so members can apply for Lowe's A/R cards too.Best,Allen

If I apply the 50% rule ($2400) should be left for mortgage.

(d) A public or private supplier of gas, sewerage service, or electricity shall not impose a lien against real property to secure unpaid charges for gas, sewerage service, or electricity unless the owner of such real property is the person who incurred the charges.But the water company doesn't like the law, so they pretend that it doesn't exist and I've had them tell me in my face, with me bringing the law in, that this doesn't apply.

This is a commercial transaction and the SAFE Act doesn't apply.