God forbid one thing is recorded incorrectly that could put you in a bad situation.That would be as an Installment sale.

Steve Babiak sorry for the incorrect numbers.

Your last calculation is incorrect; that would lead me to question the other numbers too when an arithmetic error happens.I follow how you got to "Net Total: +$6504/year", so let's convert that into per month cash flow per unit (or "per door" as you stated).(6504 / 12) / 3 = 180.667 on my calculator.

i could be incorrect about your state but most states don't allow that. if they did, banks would be charging anyone with a loan that amount all day long.

Wish I found this forum earlier so much awesome info out there and lots of assumptions I made offshore I now know are incorrect e.g.

But, if I were to guess at San Antonio prices and if I were to guess at the quality level you want and if I were to guess at the types of contractors you'd use and if I were to guess at the condition of the property, my *GUESS* would be about $30 per square foot, or about $65K.That would cover all mechanicals (electrical, plumbing, HVAC), insulation, sheetrock, painting, flooring, cabinets, lighting/plumbing fixtures, appliances and trim (for about 2200 square feet).But again, you don't provide much info, so that's a complete guess based on assumptions that could be completely incorrect.

Thanks Jon Holdman, I hadn't realized I had posting incorrectly!

Michael Immordino that is incorrect.

All incorrect.

I'm probably estimating my NOI incorrectly, but is that how id do it?