: Expect about 50% of your gross rental income to go toward operating expenses (taxes, insurance, maintenance, and vacancies)—this does not include your mortgage payment.
You can renovate a kitchen, but you can't move a house. Look for "hyper-local" markers of a healthy rental market: The 1% rule in real estate | Rocket Mortgage buying first rental property tips
Don’t guess your potential profit. Use these standard industry heuristics to quickly filter properties: : Expect about 50% of your gross rental