In short, it's garbage.

The schools are garbage and the city is getting invaded from Detroiter's. 

. , 90% Occ rate, -10% for repairs = approx $11,160 in annual expenses2 tenants $650 +750= $1400 mo / $16800 annual income for a difference of +$5640Water, sewer, garbage all included in taxes.Renters pay utilities.As I understand the "cap rate" NAI/PP(-mort) = 0.11Considering overall property conditions, inspections etc. the numbers seem to work , right?

The owner pays electric for the common space, water, gas for heating and hot water, and garbage.

She had several dozen properties from the MLS all garbage at top dollar.

Here is the break down on the numbers (P&I) 492Property Tax 117Monthly Insurance 71(Vancancy) 83----------------------------------------------- $863Rental income $1000-1100The above figure does not include the following Water, garbage nor landscaping

Water/garbage is included in rent.Comps indicate the value after fixed up is ~$200K.

Trust me, don’t talk with attorneys not in real estate or ones that don’t deal with real estate wholesale because you will get a bunch of negative garbage from them.

Someone (probably ex tenant) kicked in 4 of the interior doors, two big holes in the walls, cherry kool aid stains on carpet, dead lawn, cut some wires in the walls, NEVER cleaned the kitchen and looks like used lard to cook everything, the cooktop looks like a couple of "smallish fires" may have happened and the (original, 1979) oven has NEVER BEEN CLEANED, oh and to top it off we have a family of THREE SKUNKS LIVING IN THE CRAWL SPACE.And of course I no longer live 6 miles from this place, I live 950 miles away.I just spent 1 1/2 weeks working on it, about 30 "contractor size" garbage bags, 5 gallons of paint, a million small things that you always run into.Anyway I found a "craigslist" cooktop and wall oven for pretty cheap, my wife helped a lot, even though she hates RE investing and my neighbor has been a godsend because the trash service only picks up the rolling dumpster, NOTHING ELSE, so he has hauled the other stuff to the dumpster at his work.I'm heading back to TX to hit the kitchen, exterior paint, front yard and finish the interior paint (oil base on the trim).

He also has a garbage assessment lien for $195, a lien from Capital One collections for $1300, and two IRS liens for roughly $8,500.