I have a business degree from the University of Southern California and during the day, I run a full service car wash with my sister.I'm looking to start locally in San Bernardino with residential multi-family dwellings.  

., NORTH SYRACUSE, NY PARK LANE APARTMENTS 16 ONE BEDROOM APARTMENTS 32 TWO BEDROOM APARTMENTS RENT INCLUDES HEAT AND HOT WATER LAUNDRY ROOMS – 8 NORTH COLONY TOWN HOUSES 20 TWO BEDROOM, ONE AND ONE HALF BATHROOMS BASEMENTS WITH WASHER/DRYER HOOK-UPS TENANTS PAY ALL UNTILITIES WATER IS SEPERATELY METERED (TENANTS COULD BE BILLED FOR USAGE – NOT CURRENT POLICY) CONDITION OF PROPERTY: PARK LANE: ROOFS NEED TO BE REPLACED WINDOWS NEED TO BE REPLACED NEW BOILERS WERE INSTALLED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED ALL APARTMENTS AND COMMON AREAS ARE IN GOOD SHAPE NORTH COLONY: ROOF WAS REPLACED IN 2009 WINDOWS WERE REPLACED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED / REAR OF BUILDING NEEDS PAINTING FINANCIALS: OFFEERING PRICE $3,200,000 REPAIR INVESTMENT FROM SELLER $200,000 -SELLER WILL GIVE BUYER $200,000 AT CLOSING FOR ABOVE LISTED DEFERRED MAINTENANCE ITEMS PROFORMA P&L - MONTHLY RENTS @ 100% $44,000 LAUNDRY COINS $1,100 MONTHLY INCOME $45,100 EXPENSES MORTGAGE - $2,560,000 @5.5% FOR 25 YEARS $15,721 PROPERTY TAXES 9,700 PROPERTY INSURANCE 1,600 ELECTRIC & GAS (2013 ACTUALS) 1,700 WATER (2013 ACTUALS) 1,300 VACANCY ALLOWANCE – 8% 3,550 ALLOWANCE FOR MAINTENANCE 2,500 ($36,071) NET MONTHLY CASH FLOW $9,029 17% RETURN ON INVESTMENT OF $640,000 A few things to note.

No laundry in this unit and the previous tenants were paying over $800.

Details:-I owe 56k and it's worth 110-115- probably be able to pull out about 35k and buy a house cash for another rental -10 year mortgage with approx 7 years left -Currently rented @945 which is basically a wash w payment taxes insurance etc.- rented out to a fantastic tenant -A- area - best area in bay city MichiganI really think I want to wait the seven years and have a 120k house free and clear renting at 1000 per month and I'll be 36 years old at the time. $35k will allow me to buy a house in the b- c+ neighborhoods.

Lower roof on addition is old Missing downspouts Replace back down spout Back patio is out of date and either needs replacement or recoating Pressure wash siding and paint entire house New cement walk way Landscape front and side of house Replace driveway with new black top Remove old tree out back Update old shed out back with new wood Fix wire fense Capping two outside windows.ConcernsMoisture issue and rot in crawl spaceTermite or pest inspection in craw spaceElectric heatFlow from front door to family room is odd

For laundry, again it depends on your competition whether you must include or not.

Vinyl siding needs a power wash.  

The new restrictions bar residents and commercial water users from using drinkable water to hose off sidewalks and driveways, water lawns or gardens to the point of causing runoff, wash cars without a shutoff nozzle and using potable water in fountains.California drought: $500-a-day water fines passed

I hate the smell of the stuff, but it will wash out.

When i got to the home the owner was not there but his maintenance/property keeper was. He