Purchase Price is $105kDown payment is 10 percent via seller financing.Interest rate is 5 percent30 year noteExpenses All utilities paid by tenantSewage bills are $54 per monthInsurance is around $90 per mouthMortgage P&I is $507.30Assuming 12.5 percent vacancy --- $275I will be reserving $220 to cover CapEx per month for all 4 units10 percent for routine repairs --- $220.

It's only the "comps" that I raised an eyebrow about, but I also wonder if I'm the one that is clueless; which I know I am due to my lack of experience.  

I used to be a news junkie so part of my morning routine was reading the news.

If it's over $10K, eyebrows are raised & questions asked.If it's already been taxed, should be no prob.

Your lease should allow routine plumbing inspections.

There are many lawyers who will do residential real estate, but you want someone who routinely works with investors and their particular needs.

Since then I have incorporated the podcast into my everyday routine and I can't get enough.

Many, ourselves included, are pursuing a southward purchasing trend, with Denver investors routinely come down to Colorado Springs, Springs investors to Pueblo, Pueblo investors to Trinidad and so on.

.- your first problem will be getting the tax liens: when bidding at auction, the interest rate routinely gets bid down to 10% or less, so it's actually very hard to get 16% liens.

I guess their daily routine involves littering their q tips.