QUESTION 1 You have decided to go into the rental business by buying your first house to rent out for income. The going rate for rental property in your town is 5700 per month for a three-bedroom home. Three houses have come on the market and you are looking at each one to see which one fits into your financial plans the best. The renters will be responsible for the utilities except for the water. You would like to make 10% after your monthly expenses and property taxes and will set the monthly rent price accordingly As you toured the homes, you found the following House #2 has an older roof House #3 has older carpeting and appliances The tax assessment rate is 70% and the tax rate is $28,50 per 51.000 Additional Information House #1 House #2 House 3 Market Value 125.000 115 000 120.000 Projected Expenses per month Insurance 122.00 110.00 118.00 Repairs 180.00 220.00 23000 Wate/Sewer 100.00 95.00 10000 1) What would be the monthly rent for Hoote #12 2 What would be the monthly rent for HO2? I 3) What would be the monthly rent for House if you do not want to go gcer the monthly rent of 5700 00hich house would make you the most profit QUESTION 1 You have decided to go into the rental business by buying your first house to rent out for income. The going rate for rental property in your town is 5700 per month for a three-bedroom home. Three houses have come on the market and you are looking at each one to see which one fits into your financial plans the best. The renters will be responsible for the utilities except for the water. You would like to make 10% after your monthly expenses and property taxes and will set the monthly rent price accordingly As you toured the homes, you found the following House #2 has an older roof House #3 has older carpeting and appliances The tax assessment rate is 70% and the tax rate is $28,50 per 51.000 Additional Information House #1 House #2 House 3 Market Value 125.000 115 000 120.000 Projected Expenses per month Insurance 122.00 110.00 118.00 Repairs 180.00 220.00 23000 Wate/Sewer 100.00 95.00 10000 1) What would be the monthly rent for Hoote #12 2 What would be the monthly rent for HO2? I 3) What would be the monthly rent for House if you do not want to go gcer the monthly rent of 5700 00hich house would make you the most profit