Thanks for the comments. I do exactly the same thing and include calculations "as-if" it is 100% financed, regardless of where the money is actually coming from. Obviously, it makes finding properties that throw off positive cash flow under that scenario more difficult especially when your...

Two questions that I wrestle with a little: Do you include property management costs in the equation when calculating and comparing cap rates? Obviously, it is most conservative and better if you do, but wondering if that is the common practice because I don't see properties advertised for...