I'll take it over those months of snow, though.Dunno if I have a real favorite spot.

Every "old timer" (the real estate millionaires) in my town made their fortune in the last real estate down cycle in my area (late 80's). Now

One of the great benifits of the NNN lease property is that you are not caught off guard by things like property tax increases, lots of snow removal, unexpected repairs, and things like that because most (if not all) expenses are passed along to the tenant.

Not sure about maintenance, snow, lawn, etc.

Not sure about maintenance, snow, lawn, etc.

Misc: snow/lawn $100 per monthLocation: Lower incomes, typically high turnover, though relatively decent part of town.Condition: plenty of defered maintenence, older baths ad kitchens, roof needs in near future; condition reflected in rents.Misc.: potential for office use of 1 or 2 of 1st floor units, parking 10 cars, no garagesWhat would you pay?

They ran to see what was wrong with the guy, and found him white as snow and cold as ice staring blankly into space.

Usually I find out that Realtors don't include some fees on properties such as landscaping, Snow removal, stuff like that.

.: 3,000Gross Operating Income: $ 166,159Expenses:Administrative: Expenses Per unit % of ExpManagement Fee 4% $ 6,646 $ 266 9.15%Maintenance:Trash, Lawn & Snow $ 1,000 $ 40 1.38%Repair & Maintenance $ 10,000 $ 400 13.77%Utilities:Electric, Gas, Water $ 14,000 $ 560 19.27%Fixed:Insurance $ 6,000 $ 240 8.26%Replacement For Reserve $200 $ 5,000 $ 200 6.88%Tax (Real Estate) $ 30,000 $ 1,200 41.30%Total Operating Expense: ($72,646) ($2,906)Net Operating Income: $ 93,513The asking price is $1Mil (seller financing)What should be my max offer or terms?

We have snow on the mountains and one ski area's already open.