One of the new provisions states that they may "require manditory inspections, and providing city with back permits, rental history, Certs of Occupancy, and payment of past due capitol expansion and utility fees, SALES AND USE TAXES."

Nevertheless, make your offer based on actual rents.In addition to the items you mention, you'll need to account for vacancies, management expenses, advertising, utilities in vacant units, evictions, legal fees, tenant damage, make ready costs between tenants, etc...

If the utilities are submetered, and you do not ahve lots of common area, so no pools, no clubhouse, no parks etc... you will probably run in the 25 to 30% range.

The PITI on the 5 year (seller financed) note plus the utilities he pays (water and garbage) comes to about 450.00 a month.

They are all attractive lots, couple of them are on the golf course, and all are level buildable lots, with utilities in place.

Its pretty common for tenants to pay for utilities.

It was kind of a spure of the moment thing to were the lady (family friend) needed a place to stay right a way & agreed to pay the $525 plus deposit.I want to replace the old cracked windows with some better energy efficient ones to help with the cost of the utilities which I pay none of.

I'm going to start with Residential and might venture out to Commercial eventually.A little personal info...I enjoy sports and playing poker.

Because you still have money flowing out of your pocket (taxes, insurance, maintenance, utilities, etc.)Over time, you may build up equity from appreciation and upon sale, could cash out.

The house is fully furnished, all utilities are on and paid to date.