Last June at our church a really old person walks to me and asked if I would be interested in buying his 35 rental properties , they were all single houses , I had never thought of rental business since I had been in gas station business for the last 15 years.

With gas, the bill is monthly, so even a $200 or $300 gas bill is easier for them to manage - and the gas company will usually offer a "budget" plan.

We have moved to hardwired-interconnected with battery backup (in older buildings we use the ones that interconnect wirelessly if we cannot easily pull a 14/3 between the detectors).We also make it very clear in our lease that disabling or impairing the functionality of any fire/gas detection or suppression equipment is a minimum $200.00 fine and cause for termination of the tenancy.

I went with him recently to a business meeting regarding a gas station he was looking to buy.

The property sits on a huge natural gas reserve and may ignite at any time20.

I work in the Oil & Gas industry as a purchasing agent.

Primarily mechanical's.Who pays electric/gas/oil?

This is especially important so that we could suggest additional expenses that you may have overlooked or maybe even say for this type of property you do not need to include this or that.Your analysis should look similar to thisGross Income    25500 (2125*12)Operating Expenses  (you still need this number)Net Operating Income (NOI)  you get this number by subtracting Operating Expenses from Gross                                                           Income.To get your operating expense number add up the following  TaxesElectricWater & SewerTrash PickupLawn care and/or snow removal Gas / oil / propaneVacancy (use 5-7% of gross income)Maintenance (10% of gross income)InsuranceHome owners Association Fee (HOA) You may or may not have this oneI like to include a 5% misc expense ( i use this as a reserve)You may be paying all of these or just some.

To quote Lil Wayne: "Real G's move in silence like lasagna" ("G" as short for a gangster, hustler, a self-made successful person)It's a funny play on words, but like a lot of rap lyrics, it's actionable advice.

Time, skills, facts and circumstances will determine if this gas any chance of becoming a deal.For starters, we don't need to know where you are but what state the property is in.