I wanted to throw the numbers out there to see if you all had any advice or if I was missing something.It’s a duplex, electric is separate but gas and water are shared.Purchase Price: 71,000Annual rent: 18,600Annual insurance: 1,200(est.)Taxes: 2,883Garbage: 290Vacancy: 1,860(10%)Maintenance: 1,860(10%)Management: 1,116(6%) 775 placement fee (50% one months rent)Capex: 930(5%)Total: 10,914Annual mortgage: 3,453.6018,600-14,367.60=4,232.40 cash flowUnfortunately management is a must since it is long distance.

It is a duplex, electric is separate but water and gas are not.Purchase price: 71,000Annual Rent:18,600EXPENSESVacancy:1,860(10%)Maint:1,860(10%)Managment:1116(6%)    750(placement fee 50% of rent)Capex:930(5%)Insurance:1200(est.)Taxes:2,883Garbage:290Total:10,889Annual Mort:3,453.6018,600-14,342.60=4,257.40 cashflowSeems like it could work, i am thinking i will have to bill the tenants for gas/water/sewer after I get the bill. 

Stockton University will be opening it's Atlantic City campus this year which consists of a Residence building on the beach block, Academic building across the street and a shared garage with South Jersey Gas.

That can likely fetch $1700 if not a bit more.Comp that sold recently: $300kEstimated repair costs: $75k conservative (full gut)Property Taxes: $4,500 per yearUtilities: Separate for each unit, tenant would pay their own electric, gas, garbage, etc.

from livestock grazing-split the land (gosh, I’d hate to), hoping a smaller section would bring more price per acre-contact oil or gas drillers in the area to see if there might be potential for mineral incomeFinancing:-no idea.

I am participating in Landlord Cooperations Program in Philadelphia provided by PGW- gas company.

A friend of mine , his mothers gas hot water died .

On two properties, I was quoted current rates by the seller on electric, gas, and water bills.

Our first rental we completely redid the inside (kitchen, flooring, bathroom, added a natural gas fireplace, paint, etc...) and choose not to replace the original 1960 windows.

Save yourself some gas and frustration.