Hi Everyone, I'm very new to all of this and need a little bit of advice.I am currently working with a real estate agent that I know personally, I will be her first multi family purchase shes new to real estate but has a mentor at her company that has been doing it for decades and provides a lot of assistance though she isn't available very often so we are sometimes on our own and learning as we go.I have been renting the same place for the past 10 years and the owner is selling so now I have to find another place to live, instead of renting for over 1k/month I decided to purchase a multi family, at first I was looking for duplexes but then came across a 3 unit the asking price is 180k, it is two 3 bedrooms and one 2 bedroom, it has a 2 car attached garage, washer & dryer hookups in each unit, newer heating systems tenants pay all their own utilities except sewer and water which is roughly 2k per year the house also has 3 seperate large storage areas above the garage, and it also has a decent sized back yard. 2 tenants have been there for over a decade in the 3 bedroom units and 1 tenant has been in the 2 bedroom for about 6 months.

So Don't get too attached to any 1 house. 

22 Spaces4 vacant lots (1 of those is too small to put trailer on)1 park owned home needing renovated but will bring in 450$ additional income once 5k dumped into renovations. Park manager gets free lot rent 16 lots c...

Is there a time frame and payment schedule attached?

Lately a lot of folks have joined the game and started sending out other wholesalers properties with an extra fee attached. 

Once I know for who they are I figure out where they live, write up an offer with proof of funds attached, and a check for the full amount I am willing to offer paper clipped to the front of the package. 

I have attached a picture of the space. the kitchen is 13 x 11.

Unlike a cable bill, the water bill can usually be attached to the house via a lien.   

Does anyone own rental property in Bonita Springs (in the area of the attached pic) who can share how much they are paying annually for home insurance including flood insurance and if you getting good returns in that area.

Because the 203k loan itself has a 10% contingency attached for “unforeseen” costs.