Snow balling vs 15 year notes on rental properties....?  

I was up that way last week checking on my North Idaho home, we had lots of snow as you know.

But for trash, snow removal during winter, keeping the hallways clean, etc, we pay $250-300/month to a local guy.

Once you turn in plans they will make you fix everything to code so you have to have a contingency budget for that alone as you won't know about these costs until after you close.Also, I haven't seen anyone complete a gut rehab in less than 10 months (in Chicago) so you have to consider your holding costs for a year (taxes, insurance, security, lawn maintenance/snow removal, water, gas, electric, cost of money).

There are a number of factors you can use to justify a mid-level or higher fee, such as whether there are shared hallways that will require upkeep and cleaning, is there any outdoor space, landscaping, snow and ice removal, if there is a parking lot to maintain, how many tenants (this is obviously the biggest one), and whether you will be charges gross rent or collecting and reconciling CAM each year. 

Mowing the lawn and snow removal is the responsibility of the tenant 

View report*This link comes directly from our calculators, based on information input by the member who posted.Did I get the expenses relatively accurate, esp regarding water (Cleveland) and lawn/snow? 

There are a couple things I’m waiting for: picking up the couch that is outside (now under about a foot of snow I guess) and, yes, returning the keys.

if you renting this house you might have to put a least 20% down + 5%-6% closing cost,insurance is going to be expensive near the water, check property taxes, vacancy, repair property maintenance, like snow removal, garbage, landscaping,etc

I'm really hoping that the 1-2 feet of snow they got last weekend melts before I move back in a couple of weeks.