I'm a newbie in Oakland, CA but basically you have to assess your goals and your competitive advantage.

CAP Rate (Capitalization Rate) is assessing the property's current rate of return based on taking the Net Operating Income (NOI which is correct gross income less operating expenses) and dividing it by the property's value (or purchase price).

I don't like condos because of HOAs - each HOA is different of course, but that's $95 a month in cash flow that you're missing and assessments can kill you over the long term.

“I will be introducing comprehensive legislation at the beginning of the next session of Congress to do just that,” Sanders said.For a factsheet on the tax loopholes Sanders’ bill would close click here.

In Maryland those include, Taxes, Front foot assessments, water bills, ground rent and other less common ones.  

In my assessment, I have realized that I need a transactional real estate attorney, someone who charges a flat rate for closings, etc.  

If the tenant disagrees with your move out assessment, it is his/her responsibility to take you to court.  

Options being considered are the city assessment or most recent appraisal x local market rise since then.Does anyone have experience with this, particularly how tenacious they are about verifying what you put.

Do these number Monthly Gross Rents $ 4200Monthly Expenses  Vacancy       $ 336 (8%);  (including here since 50% rule includes vacancy as part of expense)  Prop Mgmt   $420 (10% of gross rents)  Insurance     $208 ($2500 yearly; quoted by insurance agent)  Prop Taxes   $680 (2.9%/year of assessed value; actuals; eats up 15% of gross rents)  HOA fees      $330   Maint Reserves:   $420 (10% of gross rents)  Maint/Repairs       $84 (5% of gross rents)Total Expenses : $2478 (59% of gross rents)  NOI:   $1722  Mortgage: $1215 (25% down @ 5% interest)Approx Cash Flow: $507/month (about $125/unit)Cash-on-Cash: 7.2% (Assumes 25% down + 3% closing costs as initial cash requirement)Thanks,Jacob  

There are openings in the upper west exterior walls where electrical conduit was removed.10.The stucco in these areas has not been repaired to prevent moisture penetration and deterioration.11.The front unit has issues flushing the toilet, which was confirmed with a tenant, so camera scoping of the drain pipes was performed that revealed damages and blockages in the pipes.12.Deferred maintenance on multiple items: cracks around windows and pipes, gas pipes are not supported, pilot lights in heater units were not lit, a water heater unit has no ventilation.I hired a plumber to scope the pipes (please see his report in the invoice attached and photos); a roofing company was hired to assess the damage to the roof above the middle unit only (please see proposed work sheet); a general contractor has inspected the settlement of the wall in the second unit due to the damaged frame.