Possible tenant is retired (and is old school) and wants to bring his own personal Gas stove.

Looking for help predicting expenses (like maint/cap, insurance, cleaning, management, etc.) and revenue (I've computed my own rental season curve, but I'd love someone to validate that for me).What I'm looking at is an MLS duplex that *I think* would rent for a total of $4300/wk at peak, at a least price of $519K.Thanks,Chaz

The land already has Electric, Water, Gas and a septic tank installed.The city has already blessed off on placing either a Commercial Building or a limit of 2 mobile homes on the property.In 2016 the Tax Estimate was valued at $24,000 due to improvements the renter has made to the property.I have a current renter who has been using the property for over 3 years wanting to buy the property and willing to sign a contract for $22,500 @ 10% for 12 years.

Originally posted by @Merv Screeton:A 30 year loan will give you more breathing room and you still have the option of paying it off in 15 years.Very valid point, especially if things go south in Austin. 

Zillow openly explains this at https://www.zillow.com/zestimate/ and publishes their median error rates and other stats for some major metro areas at https://www.zillow.com/zestimate/#acc.The good news is, it's relatively easy to validate how accurate it is for your market:Have your realtor pull 50 or 100 active and sold homes in the market/neighborhood you want to analyze.Compare actual asking and sold prices to the Zestimate for each one, put them in a spreadsheet, and develop some averages. 

Gas, common electric and water for a 2-unit is going to run you between $200-400/month depending on the heating type, the size of the common areas, amenities (dishwasher, washer/dryer), etc.2) 5% PM fee is not going to happen.

Allocations of partnership tax items must meet one of the following two standards to be valid under the code1.

From my experience shoreline certification can be a pain. 6 months to 12 months is realistic and then they are only valid for a certain period of time so if you do not finish the project in time they will expire and have to get another one.

There are valid arguments to be made both for and against charging application fees, but I find that it usually comes down to what the norm is for your local market. 

One has a non-functioning wall-mounted gas heater and the other one has an electric baseboard heater.