As a licensed contractor, I’ve seen how navigating these details can make or break a project.

It should detail any liens or subordinate agreements, including the unpaid balance.

If you're looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

I would include servicing costs of the loan and licensing costs.

@Adedayo Adetunji people that break into a property & occupy it are called "squatters".On September 24, 2014, three new Michigan Statutes went into effect to make squatting a crime and give landlords more options to remove them (see Michigan HB 5069/PA223, HB 5070/PA224, HB 5071/PA225).

This also costs 200-300 EUR depending on what's included.

When I do it at 20% down, I can only find negative cashflow, so I could be looking in the wrong spot, or I need to put more down, or I am missing something all together.I have read that making a 8% return or higher is what to look for, and I can find break even.

Retain proof of that notice and make sure you include the new tenants right forms required by the city now.

Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.

You may not be able to break the contract this year but would recommend getting additional estimates going forward if you feel it is expensive.