@Laura McPhail, if you are just starting out naked, so to speak with little to no education, you should read the stack of books about it first.

Those are tight margins.After paying mortgage, insurance, taxes, and HOA fees, you will probably have $100 or less remaining.

@Isiah Ferguson, you have to screen the co-signer as you would do with your potential tenants (fill out application form, pay application fees, credit report, background check, etc.). 

The topic " how much is knowledge worth" is one I've had many people asking why i havent charged a fee for my knowledge.

On a $66,000 commercial loan I was told by a lender that it would be $1500 for an appraisal, $3000 for an Attorney and 1.5% of the loan in fees.

@Michael Randle Essentially ground rent is an antiquated system whereby one person (or entity) owns the right to collect ground rent fees.

Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment (PI): € 487,34 (annual interest € 2.267,28, annual principal € 3.581,91)Tax on income: flat 21%Total annual operating income: € 16.111,20Total annual operating expense: € 6.060,00Question:How do you calculate cash on cash return (ROI)? 

Should I finance $16k of fees or just pay it?...

.- Purchase price - $156,000- Various funding fees - ~$8,000- Interest - 4.25%- Monthly payment ($0 down) - $1039.01- Cash to close (including prorated May rent due from tenant on other side) - $2,125- Rent from tenant on other side - $900/month (they've been good tenants for 3 years so I'm not raising rent.

Hi BPI wanted to get your opinion on what is included in Common Area Maintenance fees (CAMs).