Yearly PITI: roughly $28,000 Yearly association fee: $2500 Cleaning fees (paid by renters) Yearly average utilities (cable, phone, heat, electric): $3240 Yearly advertising costs (vrbo/homeaway.com etc): $600 Total costs: $34400 The house rents solid 3 months in the summer and 3 months in the winter.

More interest is being given to fancy but functional bathrooms such as heated floors, jacuzzi bathtubs, access to phone, tv, music and laptops as well!

Yeah, I know they miss me, but I sure didn't miss the TX heat last month.

PLEASE point out any errors/misassumptions.Deal Information As It Was Given To Me:2 brick buildings24 units total Price $760,00022 2-bed rooms, average monthly rent = $5002 1-bed rooms, average monthly rent = $450Every unit has a seperate gas hot water tank + seperate gas heating furnacesAnnual Rent Income = $141,720 (Building would have to be at 99% occupancy for the past year?)

The only thing that I would do is to insure that the tenant still has heat on for the winter, so that the pipes don't freeze.

Would it have been OK if he didn't provide any heat, and put a barbecue grill inside to warm the place?

The woman held the property for a full 2 years, paying insurance, utilities (including heat), taxes all the while.

If the seller counters at $122,500 the agent cannot tell the seller that you won't accept or that he thinks the counter should be $120,000 because he knows you will pay that much.Some deals could be a walk in the park and others could get very heated depending on how trustworthy the agent is.The way I see it, it doesn't cost you anything to have an agent as a buyer since the seller pays the commission.

I have 4 plex in which I pay heat.

Those townhouses give us a fairly good income and my parent told me that we don't have to pay any expenses - i.e. electricity, heating, water, etcs.