Purchase price $ 510,000 Purchase Closing Costs 10,200 Estimated Rehab Costs 5,000 Total Project Costs 525,200 Downpayment (36.9%) 188,000 Loan Amount 322,000 Loan Interest Rate 5.250% Total Cash Needed 203,200 Gross Rents 61,440 Monthly Rental Income 5,120 Expenses Advertising 25 Gardening 66 Insurance 250 Management Fee 512 Pest Control 50 Property Tax 638 CapExpense 512 Security System 280 Vacancy 512 Total Monthly Expenses (55.6%) 2,845 Monthly P&I 1,778 Total Cash Flow 497 Performance Metrics Monthly Cash Flow $497 Cash on Cash Return (ROI) 3.17% DSCR 1.28 Purchase Cap Rate 5.35% Proforma Cap Rate 5.20% 1% Rule 0.97%

This resulted in a $250+ water bill and effectively two garden houses wide open running for 4 days. 

@Frankie Torres I haven't looked at the laws intensely but my understanding is that a fence would be legal in every state similar to how you can fence off an area for a dog kennel or vegetable garden.

HelloMy ex-landlord is threatening to sue me for water damage I caused due to watering a flower bed in the garden.

Here is the results of my properties that I have bought within 2010 and 2017:-----------------------------------------------Year: 2013 (locked in Contract, bought in 2014)Type: 3 Family (2 Floor Thru's and 1 Duplex Garden Apt), BrownstoneLocation: Bed-Stuy, BrooklynPrice: $900kRenovation: $350k2018 FMV: $2 Million for an increase of $2 Million minus $350k minus $900k = $750kCash Flow Increase from 2013: over $4k per month increase!

Background: I'm negotiating on a multifamily in Chicago (3/1's on 1st & 2nd floors, 2/1 in garden).

I feel like I’ve stumbled into the secret garden, or an amusement park for adults who buy, sell and trade real estate, services, knowledge and so much more.

Gardener or sewer/ trash for example (sometimes included in property tax bill). or if your property has any common area utilities, like electricity or water that is not individually metered between the units. 

I also have  a garden and chickens so maybe a little fresh produce could sweeten the deal!

You will only own the land the structure is on, rather than the yard, driveway, gardens etc.