At least it doesn't snow (much) in Atlanta :)I am surprised they can't do anything to fix it.  

Too cold and too much snow.

Also have you factored in lawn/snow removal?

. $34920 yearly gross revenuetaxes= $5500 per yearInsurance = $2500Lawn snow= $1200the building has 12 year old boiler with a baseboard hot water heating system.

The Kern has had three exceptionally bad years in a row...where up north actually had a pretty good snow-pack the first year of our extreme drought.    

Than this will allow for me less money down so i am able to buy more properties and after the 7th or 8th property he is getting $500/mo EVERY month even in the snow storm. 

Built in 2002, it is a fully rented four plex (one unit is month-to-month so we would move in there).Current asking price: $495,000 (though originally listed at 474k, he upped the price after 16 days)Days on Zillow Market: Over 100Reason for Selling: To either purchase a SFH for himself and his GF or buy a commercial property, possibly storage unitsRents: 4,400 monthly (Owner said 2 units could be easily increased by $50 to $75 each)Expenses (annual)Property Taxes (assessed 2014): 7,754Insurance: 3,000 (guess)Maintenance & Repairs: 4,200 (guess)Utilities: 4,500 (average for last 18 months from water company, owner currently pays water/sewer/trash but there are separate water meters so we would look into passing this to the tenants as the leases expire)Advertising: $150 (only advertising is for new tenants when leases expire)Administrative/Misc Costs: $150Mortgage Insurance: $6,501 (from mortgage broker at 490k loan level)Snow Removal: $1,500 (as acountants, our busy season is during the winter and we don't have the time or patience to deal with this, there is a sidewalk + steps + driveway and back parking area to be plowed)Lawn Care: $150 (supplies fund, we will mow it ourself, first year expense of a lawnmower not included)Mortgage: 26,579 (FHA, 3.5% down, 3.75%)At 495kAnnual cash flow: $-1,684CoC: -9.72%NOI: 24,895Total ROI: 40.89%At 450k (keeping mortgage insurance at 490k loan level b/c I don't have other numbers)Annual cash flow: 762CoC: 4.84%NOI: 24,895Total ROI: 55.54%As it stands, my numbers are telling me this deal will not work, given the $100/mo/unit minimum standard most people are looking for here.This is the first deal that I have really looked at though as seriously buying, so I would love other people's opinions on my analysis.

There was over foot or so of snow on the roof, so the roof couldn't be completed, and getting a roll off to remove the debris also posed to be a challenge considering the area around the property.

We had so much snow on the ground that not many people were out there looking at properties.

What about other expenses such as lawn care, snow removal, pest control?