Looking for advice

[Jeremy Collins]

I am looking at a few Apartment Complexes in Des Moines, IA. I have heard from a couple of Real Estate Agents of some Owner Financing complexes, this would be my first acquisition, how would you go about working out the numbers. I think I have them, but I am thinking more on a monthly basis, opening two accounts one for incindentals (carpet, paint, maint. etc.) and one for utilities because some of the complexes I am looking at pay all utilities for some reason. Some of these properties are saying around 15-36% return cash investment for the first year. I'm thinking that is a good number to look for since I am wanting to get something back on my investment. Are there any podcasts or any insite into this matter that I can look at to give me an idea of what I would be walking into. Also, are there any sites that some of you use to screen tenants (i.e. credit, background, sexual abuse, etc. hopefully country wide)