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Most people ignore expenses because they are deducted off taxable income. So for every dollar they lose they get back 42cents (or whatever tax % they pay) of taxes paid. This includes depreciation which will also increase the losses. I don't know the exact details of this particular...

eg: Those fees are part of your capital outlay and are part of the purchase price. I like to work on yearly figures and allow for 20-25% for expenses. Rent = 18200 - 25% = 13650 (262.50 wk, 1137.5 mth). $13,650 is ebit (earning before interest and tax) and depreciation. 13650 will pay interest...

lol A terrific buy returns at least 5% after interest and expenses. Maybe you should step out your front door and look around because those average deals you call "terrific" (like this one) are everywhere.

Don't play the his game, play yours. What it really means is the vendor is losing more money each day he hangs on. My attitude is to buy if I am getting a good deal or none at all. I would not have increased my offer. Just like saying ABC was a good buy $7. Translated means you want to buy...