However, the real estate landscape continues to be strong compared to most major cities in the country.”

(a) “Common Area Operating Expenses” are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Project, including, but not limited to, the following:(i) The operation, repair and maintenance, in neat, clean, good order and condition of the following:(aa) The Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators, roofs, and roof drainage systems.

Purchase price and closing costs: 288kARV: 395kHolding costs: 2.5k/moOur initial plan was to wholetale the property, minor landscaping and cleaning.

Additionally, I was able to calculate accurate rehabbing costs due to my long ago affiliation with the trades of painting and landscaping, willingness to ask questions, and general DIY experience. 

Taxes, insurance, landscaping, vacancies, utilities etc?

I’ll have quotes end of next week for landscaping, new sign, and switching over to coin op.

Wondering if anyone out there has built multiple polebarns on one lot to rent out to construction or landscaping companies?

We are seeing more non-local folks than ever at our meetings just like yourself; folks wanting to survey the landscape. 

Same with a landscape company.I am thinking of possibly have a building put up to rent out, perhaps office or retail.Any suggestions would be greatly appreciated.

Here is how I see the deal.Asking Price- 600,000# of units- 13 Gross Operating Income- 71,820less Taxes- 3087 Insurance- 2310Repairs- 6875 (added 25% to estimated price, )Utilities(common area)- 400Misc(pest, snow,landscaping)-2300Net Operating Income 56,848lessMortgage Payments 46,800Cash Flow 10,048Now I will not be offering $600,000 but really wanted to check with some of you experts to make sure I'm not forgetting anything.