Need some quick advice please

[Mike Smith]

I'm negotiating my first deal. It is a duplex. Both sides are rented. No room for immediate rent increases. I've got the seller's expenses, which included sewer, water, lawn service, taxes, and insurance and am crunching the numbers. My questions are:

1. It seems to me there should be some additional incidental expenses in owning one of these. Any input on how much I should budget for my analysis?

2. I'm buying this property for cash flow. How much monthly cash flow do you feel is acceptable? I know that is subjective, but I'd like the board's thoughts. Down payment would likely be in the 20K range.

Quick replies would be appreciated. Thanks for the help.