ABC kept the first two and half months of rent from the rental guarantee for tenant placement fees and utilities (water, electric).

In that scenario (right now unlikely for the next few years) you may get under water if you didn’t account for it.I never found a bank that would do fix rate for more than 5 years.

Property details: 3 bed 2 bath both sides with attached garages, aluminum siding, copper plumbing, 1972 construction, separately metered, all electric water heater, range, dryer, public water and public sewer on a slab foundation in a great school district right next to brand new construction everywhere.

If you don't know how deep the water is, you may get more than just your "feet wet".Third Lesson.Cheap and discount are not the same thing. 

Also, the water could have entered from other areas and traveled along a beam and exited the kitchen ceiling.

Purchase price: $300,000 Cash invested: $31,0002/1 X 2 duplex with new roof, newer AC's and new water Heaters in really good shape.

There are some dogs that just have to be on the couch so these cut way down on dog hairs.We provide dog bowls for water and food along with an absorbent mat.Last up we have a small Bissel hand cleaner for accidents.

I know what the rents should be for each of the units (2 vacant and 1 significantly under market), the taxes are listed on the MLS, I’m familiar with the water/sewer costs in close proximity to this building, and I know what percentage to use for my Vacancy, CapEx, and repairs and maintenance based on my knowledge of the local market.

You are talking about a new water service line upgrade right?

Water, trash, internet, and fire wood make up the rest of the utility allocation.