I have not been to this property yet and do not know if:- the tenants pay gas/electricity - The extent of the renovation needed.

Financing the entire investment (through very creative means, which took me MUCH longer to figure out compared to finding this deal) seems like a no-brainer to me, but I'm scared I got something wrong in the math and this is not as good of a deal as I believe it to be.I'm a newbie, I quit my job in the Oil & Gas industry, enrolled in real estate school, completed it in 3.5 weeks and I take my test 9/4/18.

They said the replacement ran about 60K.There is no natural gas available nearby to tap into.

Is the increased income going to be worth the extra time and gas money you spend on a longer commute?

Unless he lives very close to it, he'll probably consider it "too much work and too much gas" to travel there just to throw a rock through a window.

Think everyday things you need like toiletries, gas, etc.So there you go.

I need standard household sizes.... smallish kitchen36" fridge30" Electric range/oven24" Micro wavehate that it isnt gas.... but thats the breaks.

@Bryan Martin - You also need to find out if the units are metered separately or is it master metered and if the owner (potentially you in the future) responsible for any of the expenses as far as the utilities are concerned i.e. electric, gas, water, sewer and trash/dumpsterWith a quad also make sure to get all the expenses (that are applicable) for common area like lighting, sec sys, landscaping, snow removal etc.

If you own a recession-proof turn key business in a busy location like a gas station, selling lottery tickets, and junk food,and gas that generates 70K profit, an asking price of over $200K will generate little interest.

If it's a gas fireplace you'll also want to remove or cap the gas line going to the fireplace.