@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.

Originally posted by @Joe Splitrock:Originally posted by @Armin Trepic:I was able to get some valuable insights from this book I read titled, Never Split The Difference , and essentially it teaches you that you have to look for information (in this case it would be from the tenant) that is causing him to act in a difficult manner.

@Keong Kam Just did a recent podcast with @joe fairless.

@Cory Gardner It is good that you are thinking about this ahead of time. 

Thanks to @Jojo Olaseha and @Joe Norman on the congratulations.

@Joe Splitrock I'm actually pending a call with my accountant regards the rental home and how that's looked at from a tax perspective.

Best of luck,Joe Dawkins

Joe McCall.

Originally posted by @Joe Villeneuve:1 - You get an accepted offer with your name as :<your name> and as/or assigns.2 - You sell the Purchase Agreement to someone else (the assignment) by using an addendum stating you are assigning the P.A. to them.3 - You get paid your assignment fee when both parties sign the addendum4 - The NEW buyer, based on the "assignment" closes. 

@Adam Gardner Congrats on deciding to invest!