The plan was to purchase, rehab/update (requires about $5k-$10k) and have it ready to resell by around winter/spring 2018 or earlier, in time for when the "snow birds" from the northern states are vacationing and looking for property to purchase.  

@David Grabiner How are maintenance items like landscaping, snow plowing, trash pickup, etc. being handled?

I have never had a problem with salt and I use it regularly, especially to deal with iced walkways.Do you provide snow removal?

For example with parking lot annual snow removal can get expensive in a cold belt state.

YoudoWhats lot rent rates and does the park cover garbage and snow removal?

One-time Expenses$1000 - Acquisition Costs (minor rehab, legal, & inspection)Annualized Expenses10% Gross Annual Rent - Vacancy Costs (turnover & lost rent)10% Gross Annual Rent - Property Mgmt (standard)$1176 - Repairs & CapEx ($1 per sq foot for tpical property)$1516.46 - Property Taxes (5 year historical average for typical property + 10%)$1000 - Property Insurance (a nice round number: seller reported that he paid $708/mo for one duplex)$27 - Water & Sewer (average across several properties from last month)$0 - Gas, Electric, HOA, Snow Removal (tenant pays or not applicable)$60 - Lawn Care (I made this number up)COMPARATIVE ANALYSIS:This is my analysis of the five properties that are being negotiated right now, listed from best to worst.Property Alpha (two-flat)$1250 - Income, Monthly (actual)$567.37 - Expenses, Monthly (estimated)$42,000 - Price, Signed Contract36% - Cap Rate (Annualized Income / Price)16.6% - ROI, After Tax (annually, assuming 15% income tax)6.0 Yrs - Until this property pays itself offProperty Bravo (two-flat)$1100 - Income, Monthly (actual)$537.37 - Expenses, Monthly (estimated)$42,500 - Price, Signed Contract31% - Cap Rate (Annualized Income / Price)13.1% - ROI, After Tax (annually, assuming 15% income tax)7.6 Yrs - Until this property pays itself offProperty Charlie (duplex)$1075 - Income, Monthly (actual)$532.37 - Expenses, Monthly (estimated)$55,000 - Price, Informal Discussion23% - Cap Rate (Annualized Income / Price)10.7% - ROI, After Tax (annually, assuming 15% income tax)10.3 Yrs - Until this property pays itself offProperty Delta (SFR)$875 - Income, Monthly (actual)$492.37 - Expenses, Monthly (estimated)$48,000 - Price, Informal Discussion22% - Cap Rate (Annualized Income / Price)8.8% - ROI, After Tax (annually, assuming 15% income tax)13.6 Yrs - Until this property pays itself offProperty Echo (SFR)$770 - Income, Monthly (actual)$471.37 - Expenses, Monthly (estimated)$62,500 - Price, Informal Discussion15% - Cap Rate (Annualized Income / Price)4.1% - ROI, After Tax (annually, assuming 15% income tax)24.4 Yrs - Until this property pays itself offNotice how the price keeps going up?

She read this paragraph to me as one example:Summit County ski areas continually work to maintain and improve snow-making equipment, lifts, and dining.

Utilities are separate and paid by the tenants less the yard maintenance and snow removal. 

Fully rented its $122,400 yearly, but with only 8 units rented yearly the rents are only $81,600.Mortgage $46,524Rents  $81,600Taxes $16,000Insurance $6800Trash $1,200Water/sewer $8,000Utilities $8,000Landscape/Snow $500.

Also need to find a landscaper who can do snow removal and regular lawn cutting.