Posted by Pam on March 09, 2001 at 20:55:12:
From this $2,500 you need to subtract a % for vacant rate. Ask management for this % rate. I would also ask to see Sch. E to review expences. You need to make sure after vacant rate and expences (always have amount for management even if you manage it yourself)that you can still service the debt. If they will not show Sch. E, I would walk away. Alot more to this, but this can get you started. Good luck.