Your operating expenses appear to exclude property management, which can be 8-10% of your rental income.4.

It appears that the owners you encountered may not have received proper advice on this matter.I hope this clarifies some of the key points for you.Best regards,

., verify that the net pay on pay stubs matches and appears on the bank statements they provide.

If you have any other questions, feel free to reach outHi Jason,Thank you for your impute I will most definitely contact you, I'm not to good on this BP yet, i will like to have a chat with you about Birmingham, I'm not married to Montgomery, although i just walk a property that it appears to be good. let me see how do I connect with you directly from here.Thanks again!!!  

And even if so, I'd imagine there would be LOTS of restrictions and red tape as to what you'd be allowed to build and its appearance - No?

The ordinance, which is a scan of a 1996 document appears to be silent on the subject of what happens when a unit is or becomes vacant. 

This is not an exact picture, but as you see in the picture the outlet (pressure side) of the system is white PVC (plastic) pipe and not black ABS (plastic) pipe.It appears that the existing tank you have is plastic and not too large.

And, during the ownership, the 'owner' turned everything over to a PM, was losing money, and didn't appear to become actively involved/learn the business. 

The property cash flowed prior to purchase even with the planned upgrades (which is why I purchased it), but during ownership and having paid for the planned upgrades, it appears as though it doesn't cash flow.I'll have to look at Baseline!

Your return on a real estate investment is Cashflow and Appreciation.It appears that your cash-flow is negative if you assume the current FMV.The question on whether to keep or sell it is what your required rate of return and what is the appreciation rate on the property?