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How much rent to charge?
My wife and I have been looking at propertys in our area. How much above your monthly costs should one aim for in terms of income?
I know there are a lot of variables involved, but give me a rough estimate.
If I buy a $250K duplex, put down 20%, the mortgage would be about $1200. Insurance, taxes....what would realistic rent be?
I am utterly ignorant, so don't be afraid to use very small words....
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