I have that number in mind from some experiences 10 years back when I bought my second house and used the cash flow from the first on my loan application, and conversation with lenders and investors since. I was told it included vacancies, maintenance,advertisement ect. Perhaps it was because I was a rookie. I have been throwing that number out here on Pigginton’s and nobody has corrected it. Maybe things are different now? I would like to know.
