Posted by Jeb on December 26, 2000 at 13:23:23:
Just how long do the tenants tend to stay and why do they leave so often? How many months out of the year is the property vacant? If the property is occupied nine months out of the year-only use nine months worth of rent to figure out your income for the year-but you will use twelve months worth of expenses since you still have to pay PITI and other goodies such as heat during the winter. You will have to figure for yourself what you will do when there is no tenant but the bills still have to be paid-how long can you do this before you’re broke?