Tenants, vendors, guests of tenants, the mailman, UPS, the cable guy -- in other words, anyone who ever sells anything to the property or sets foot on it is a potential creditor.

Tenants, vendors, guests of tenants, the mailman, UPS, the cable guy -- in other words, anyone who ever sells anything to the property or sets foot on it is a potential creditor.  

If they want to stay in your unit they will find the money and you will find out quick if they have the money or are just playing games.Lot's of times they have the money they are just shifting around to who will be sympathetic to them and not pay that person because times are tough and they still want to eat out and pay the cable bill.

So here's the combined numbers for both props on a monthly basis.Purchase Price For both Properties: $120,000Gross Income (both properties): $5,965Gross Effective Income (10% Vacancy rate): $5,368.50 Net Operating Expenses: $2741.31- Cable - $50 (it's gerry rigged)- Water - $435- Electricity - $450 (3 months during the summer its $800 a month)- Dumpster Fee - $185- Fire Insurance - $41- Property Mngmt - 7% (I will use professional management)- Taxes: $363.34- Maintenance: $800Net Operating Income: $2,627.19Capital Improvements: $25,000 (roof, foundation, paint, flooring)The owner combines all expenses for both properties because they are side by side.

.- Monthly Maintenance Fee of 760$ - Seller is claiming that this fee cover pretty much everything except inside the property… the insurance on thru HOA is enough for most banks… also cable/trash/grounds/day-night security…I prepared 2 Reports using Bigger Pocket’s Rental property calculator a) With 100% mortgage b) With 75% mortgage.During the preparation of these Reports, I considered the potential future expenses by having the following assumptions.

If all goes according to plan...I will only be paying $550 for my mortgage and that includes utilities for the entire unit and cable.

Car payment, cell phone, cable TV or eating out?

With  long term tenant I don't have the extra costs of full furnish and I don't have to supply the utilities, cable and internet.

I used Zillow for property tax and insurance and $80 per month for Internet and Cable TV.

I'm sure you can buy a charging station on Amazon and then get an electrician to install it.I will likely rent a trencher put in some 240VAC direct burial cable and hook it up myself.