I require the final water meter reading and water bill instead of pro-ration. 

I ruled out some of the cities and towns where BP investors seem to be flocking to, because it gets cold in Ohio, Indiana, Michigan and that means broken water pipes, accidents, leaks, and especially the neighborhoods these $50k and $60k houses are in.

The apartment has a hot water baseboard heater above it but there are no signs of water stains or drips. 

The roof was done a few years ago. new water heater in remodeled unit.

Now, figure replacing a water heater, replacing carpet, replacing an AC unit, whatever can go wrong with a house eventually will.

. $200 a month, multiplied by 12 months = $2,400 $2,400 multiplied by 4 years = $9,600We can use the $9,600 to buy another duplex once she graduates and makes income again.The goal is to use duplex income to pay off all of her student loans.Our deal analysis is just like how BP teaches:Cash flow has to be >$200 a unit after ALL expenses and Cash on Cash return has to be >12%Expenses-Principal & Interest-Property Taxes-PMI-Home Insurance-Water/Sewer-Garbage-Vacancy 5%-12%-Repairs & Maintenance 5%-10%-Capital Expenditures 5%-1-%-Management fees 0% (I will manage all of our properties now & moving forward)We are 3 weeks in on the Duplex search in New Haven we are learning QUICK that cash flow and a FHA loan do NOT get along.

I'm testing the waters with crowd funding now too, trying to find an alternate place to deploy idle capital in what I consider to be an expensive real estate and stock market. 

We finished the basement, added a second bathroom, new AC, new water heater, garden work among other things.

Basement pipes are dripping and utility tub is filled up and I am very cautious in using water inside the property.

For improvements to raise the appraisal put on a new roof, replace old HVAC and/or water heater and fix any foundation issues.