If you want to have a positive cash flow from your rental property, please make sure the rent can cover the following costs:
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- Loan payments assuming you cannot meet the minimum down payment
- paying all your advisors, inspectors and whoever you must pay in order to get the property
- paying a property manager to take care of collecting rents and maintenance
- possible vacancies
- possible repairs for a property
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If your rent can cover all the cost above, then you own a good investment property!
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Source : Richdad.com
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I haven’t heard back from you regarding your hosting of the Carnival of Personal Finance tomorrow. I’ve sent multiple emails. I will be asking someone else to host tomorrow.