It is under condo association with HOA fee $191, and Community Fee: Cam, Lawn Maintenance, Snow Removal, Trash Removal (not sure how much).

From a numbers perspective it seems like a winner:16Sq Ft Price4500Sq Ftge $72,000.00 Revenue $(7,200.00)Vacancy Allowance (10%) $64,800.00 Gross Revenue $(900.00)Trash $(1,500.00)Water $(3,600.00)CAM $(10,000.00)Misc $48,800.00 NOI $435,000.00 Cost $(43,500.00)Down Payment $391,500.00 Loan Amount $23,490.00 Interest Only (6%) $25,310.00 Cash Flow11.22%Cap Rate58.18%Cash on CashI added $10,000 year in miscellaneous expenses and hit it for a 10% vacancy allowance.

Payments on time for CAM and base rent?

I got internship offers my freshman year by simply showing up to REIAs and telling people in the industry how interested I was.All the best,Cam

Hello,     I'm New to real estate, and was reviewing a new apartment building deal when I cam across the term "Net Deliveries".

Screening is the big one really as we are unsure of how or what to do when screening tenants due to the fact a broker has always done this for us (hasn't seemed to work that well in the past)The next area of improvement is billing to tenants for CAM charges, also how do you deal with maintenance on the buildings if it is not triple net, even if it is triple net how do you place urgency on the tenant to initiative to make the building an A or B class building if that is how they received it.Thank you all, sorry for the rant but just looking for advice and input.

Cam,That is a mortgage question for your local lender that services the state the property resides in.  

Thanks,Cam

If the property is on NNN where the tenants pay and not you it can still affect you as it increases the overall CAM after the base rent.

My name is Cam and I am new to Bigger Pockets.