On the lower end of the rent range you'd be negative.Now I assume that he would have the taxes and insurance escrowed in the payment so the numbers will be better than that.But I just waned to illustrate that you want to run the full battery of expenses to make sure the place will in fact cashflow at an acceptable level for the risk and hassle.Not trying to discorage you at all since it very well could be a very good deal, you just need to verify that it is.

I replace the batterys once a year.

He also had batteries and other junk in there such as radio's etc.

You want a referral for the best real estate CPA for your taxes.For the best property managers go to IREM.org search for ARM certified, they passed a battery of tests to become certified.Good LuckPaul

I'm very curious how much space will be left after you insulate the box and will you have to furnish it like you would a "tiny house" (which can also be found in DC - Boneyard Studios) I've often thought about using one for a weekend retreat or hunting cabin but if you don't have plumbing or electricicty you'll still need the incinerator (or the like) toilet, battery or solar power, rainwater and filtration system etc etc.

Comp Sci majors are really good an module testing, sorting, searching, hash codes, compiler design, TCP, fields, records, etc, everything in the software space, very little understanding of the hardware that surrounds the software.

For most people, buying real estate (at least in the beginning), means penny-pinching for long periods of time in order to acquire the capital needed for the investment.It could be months or even years of frugal living to achieve a goal, focusing on "needs" rather than "wants".But even the most dedicated need a treat every now and again to break the monotony of what I call "the grind", in order to recharge the batteries and stay motivated.So, do you guys (and gals) treat yourself?

We use RentManager and it's pretty good, it has a very good accounting module too.

It's a great looking laptop and the battery lasts a long time.  

Sounds like a great idea for a BP blog article if I can put the batteries back into my creative hat though.