On top of that we had skyrocketing building costs, interest rates being held artificially low by the Federal government, plus considerable stimulus money flowing the last 12 months.

When your portfolio grows, you'll work in lawn-mowing days, garbage check days (if you have apt bldgs) , paperwork/bill paying days and stuff like that.  

@Joe Villeneuve you forgot,  21 - handles Snow removal and lawn maintenance.  

There must be some fee for the upkeep of the grounds and lawn maintenance I'm sure.

Agents have watered my lawn when I’m out of town and negotiated with contractors to take care of final repairs before a sale.

Is there trash or a ton of crap all over the lawn?

Would love to get some opinions before agreeing to purchase this.Purchase Price: $89,000Purchase Costs (with 10% down): $11,000Estimate Repair\Upgrade Costs: $25,000Total Cash Investment: $36,000Unit 1 Estimated Monthly Income: $950Unit 2 Estimated Monthly Income: $525Unit 3 (storage) Estimate Monthly Income: $100Total Monthly Income: $1,57520% of rent for repairs\capex\vacancy: $315Net Monthly Income: $1,260Monthly PITI: $710Net Monthly Income after expenses and PITI: $550Yearly Total Income $6,600Total Cash Investment: $36,000Cash-on-Cash Return from cashflow alone: 18.3%Please note that at the price points for rent, after the upgrades I'll do, I'm not planning on including any utilities or lawn care with the rent, so that would be the tenants' responsibility, in case you're wondering why I didn't factor that into the analysis. 

Note: there was an abandoned-looking red shopping cart in the neighbor's front lawn and the area is an "up and coming area" that's near a millionaire residential area.

You're multifamily tenants are not going to cut the lawn like a SFR tenant would.Vacancy is also generally easier on the landlord with multifamilies.

My question is how do people handle the cost of lawn mowing and snow plowing?