electric is fine for Multi family, But in an SFR if you want your rent paid in winter put in a gas furnace, cost of electric heat is double $450/mo for electric vs $225/mo for gas for example,  as far as water heaters, the annual cost is about 1/3 more, but not a significant amount of money, as an annual cost to operate is around $350/year.

Current operating income, with the vacancies, is $110,000 annually.

Annual property taxes of $800-$1000. 

Unsafe" is probably language that local C/E uses to refer to Health and Safety Code laws as they relate to their ability to withdraw a Certificate of Occipancy.As you may already know, I've spoken at our state's annual code enforcement conference and follow multiple cities fairly closely.

As you said, we are pretty young in american market (but not in France where the income from rental cannot compete with what we can find in the us)What I mean by cap rate is annual NOI / money invested.

Hey @Christian Cascone,If you are still looking to invest, you may want to check out the Wolf Laurel development.  

Hello,I am analyzing my first property with the Bigger Pockets Rental Property calculator but couldn't seem to get over the hump at what annual property taxes are for this large scale of a property?

@Victoria CreightonPro-rata rules apply to non-deductible IRAs-an IRA where you make annual non-deductible contributions.So as long as you don't have any non-deductible IRA contributions, Roth IRA conversions are neither subject to the pro-rata rule or the 10% early distribution penalty at time of conversion.

If you are holding onto a rental for 7 to 12 years, a few construction delays will barely effect your IRR annualized.2) Flips have less margin because you have to pay 10% in closing costs.3) Flips are seasonal at least in areas with four seasons.

If I bring the price down to $150k, The return climbs to positive 1.06% return (annual!