Tenants call him when there's an issue.(11) units are currently rented for a gross rent of$5000 monthly ($450 p.month)(6) units are vacantAnnual Taxes - $3700 ($310 p month)Insurance yearly - $3500 ($300 p month)Utilities for buildings - $750 per month (tenants pay ALL utilities, owner responsible for none except garbage)Property Management fee (6% of gross) - $300 per monthMaintenance - $500 per month (regardless I have an on site maintenance couple, there are some jobs that require the Yellowpage companies, so I went on the higher side)-------There is probably $10k in deferred maintenance.

Both companies will recommend having a dumpster (all different sizes to buy) and it is more cost effective than having the garbage toters. 

Down here in South Florida city of Sunrise code enforcement guys drive around looking for any violations they can find they live for it they love going after DIY people going as far as sneaking around peoples homes and looking and even looking at whats in peoples garbage to get a handle on what they might be working on.Best to just ask them what you need to do to comply the more you fight with them the more they dig there heals in

The house has already had the wiring stripped out, garage door stolen, A/C stripped, and lots of other miscellaneous vandalism such as rocks through the windows, garbage dumped there by illegal contractors looking to unload carpeting, cement, etc.I hopped in my truck and drove out there.

GIGO (Garbage In, Garbage Out ... a computer term), although good, the MPP formula above is only as good as the inputs.All the "rules" (Rule of 72, 70% Rule for PP, etc) only work over a range, they aren't exact, you have to be very careful about relying on these things too much.

My friend bought a house and found $1,200 and two handguns.I have never been so lucky......Most I've found is a dollar bill, lots of change, returnable bottles and cans (10 cents each), extension cords, garbage cans, step ladders, tools, etc.

I agree, there are areas of number crunching that are easier with computers but garbage in garbage out.

Most of them we had to rebuff - because they were garbage.

I am by no means an expert and certainly take my advice with a grain of salt, but I think its vitally important to have a clean financial house before you start looking at others.You have debt, you might have IRS issues, and your credit score is in the garbage bin.

Always wind up with more garbage than I thought and cheaper to get big ones.Also try and get ones that don't charge by weight