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

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. 

John Yes, that is precisely why I think it is overrated with respect to cashflow, it is very difficult to find a property that will leave you above water after doing the numbers.

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.

@Chris Seveney although I suppose anyone looking to do a syndication cold do it from the PMC to find investors. 

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

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.

This house had 12” of water/ice in the basement... there’s a nice sump pump set up just sitting there with no power...

Brokers protect the interests of all of the investors, but investors only want to protect their own interests, which can leave some investors out in the cold.