But after all, he made a great decision and it was amazingly profitable.Numbers:80k Purchase – cash 35k – Reno Roof, siding, paint inside and outKitchen cabinets and countertop resurfacedPlank floor New tile in bathroomRepair electric and plumbingHome staging 1% of sale price6 month project 165k sale price less 6k closing costs44k Profit Regrettably, this will probably be the most profitable flip I am involved with for the foreseeable future.

Holding costs can be a mortgage payment, insurance, taxes, electricity, water, garbage. 5.

Let's assume that in 15 years you will have to replace the following: house roof, refrigerator, a window that broke, and to retile the bathroom walls.

During this they spent several nights at her mom's, at out a lot, and now have a high electricity bill.

But every now and then they replace an item, refrigerator most recently and that makes the finance end worth it. 

You better make damn sure that there isn't anything major wrong with that property, because your agent isn't going to help you with the cost of foundation fix or replacing the electrical.

The fourplex that I am looking at does not have electrical conditioning system, but instead evaporative coolers on all 4 units.I have not experience with this cooling system.Is it possible to bring the temperature below 80F when the outside is above 110F?

How about water and electric, are 2 units metered separately for both?  

Three out of five bedrooms are ready to decorate and occupy and two need finishing (plumbing, heating, water, electric - all done.

.) $17,000 +-Tenants will pay gas and electric and we will pay water/sewer and trash.