This is more a rule for single family houses than apartments, but still a good rule of thumb for apartments as well.You can argue whether an experienced landlord in specific locations can ever get expenses lower than 45% on-average, but I think 99.9% of experienced landlords would never honestly believe you could get expenses anywhere near where you have them (25%).You can take Mike's advice and plan for 45-50% expenses (he has dozens of data points to support it), or you can stick with your own estimates, and consider it a learning opportunity a couple months down the road...Good luck!

If I want to buy/rehab/and rent properties in Texas using HML what is my best avenue? Do I get a rehab loan , fix, and refinance so I can lease it out or are there loans for a longer term so I can avaoid the cost of r...

The property is classified as a single family, however it has 5 different units inside, renting for $40,000 in 2000, currently renting for $53,000.The value of the building is currently $850,000.

Ben, I have yet to meet a single HOA that know jack squat about insurance coverage.

Hi all, I've been looking at a single family 4/2 home 8 yrs old in an HOA in the Orlando area.

Am looking for a single family home in St.

The whole thing seems like a scam to me on so many levels -1 ) The "arrears" are listed as a single line item on the bill with no explanation of how they were derived2 ) We have never ever received a bill for any of the previous years (except for last years fee of $60)3 ) There are no minutes or any information about their policies or decisions on thier website4 ) I googled the "directors" of the homeowners association and they appear to be property investor types rather than local residents5 ) My wife was 13 when she received the land - whatever she signed (almost 30 years ago!!)

Perhaps you could tell us something about the properties that you own (single family?

It would have cost me $90 less if it were a single family home.

Thank you to all of you who share your expertise, experience and wisdom.I have been actively looking for my first investment property - single family home - and am having a hard time finding anything in my area that is far enough under market value to produce $100 after OE.