There is also some room for rent increase.Purchase Price$1.6m30%30 yr @ 6% Interest Only 5 year balloonIncome (monthly):$22,365 rent$275 laundryExpenses (monthly):$797 Electric$1,300 Gas (heat)$800 Water and Sewer$555 Garbage$1,142 Insurance$396 Snow Removal$475 Landscaping$356 Exterminating$1,132 5% Vacancy$1,584.80 7% Repairs and Maintence$1,341.90 6% Management Fee$2,567 Taxes$5,600 P&IOverall:Monthly Income $22,640Monthly Expenses $18,246Monthly Cashflow $4,393CAP Rate 7.48%Total Cash Needed  $482,500Cash on Cash ROI  10.93%The building does have a flat roof that will need some repair in a couple years.  

Specifically, estimating the electricity, garbage, sewer, water, monthly insurance, vacancy, repairs and maintenance, cap ex, purchase closing cost, estimated repair cost, ARV and property management.

2) ARV - Same as above3) Rehab - Not always garbage but if you haven't worked with this wholesaler before, then you should take a look and feel comfortable about the deal.

Trying to get a handle on expense numbers i.e Garbage, Sewer, Water. 

Around 200 word documents containing every type of contract, flyer, direct response email campaigns, postcards, bandit signs, virtual assistant training, and anything else you could imagine would be needed for a real estate business.While some of it is garbage, I'm sure we will be cherry picking stuff out of these files for years to come.

We left a note on the door telling the sister to give us a call to discuss the remaining belongings and that we'd be willing to help and to leave any garbage or things behind she didn't want and that we'd dispose of them.  

An offer consisting of an assignment contract, no proof of funds, no preapproval, no assurances at all that it will ever close, that's low-ball on top of that... yeah, that's going to be considered a garbage offer in any case where there are competing offers.

It's garbage, man.

Total $3,450/monthLandlord pays water/sewer/garbage (approx. $5k/year total)Property Taxes: $4,360/yearProperty Insurance: $2,212/year (waiting for second quote, hopefully lower)Maintenance/Turnover: assumed $4,000/year for all maintenance/CapX/turnoverManagement Fee: Assumed 10%.  

Yearly: $95,640Expenses:-Electricity (for the units he pays the utilities)- $500/mn-Water and sewer- $225-Garbage- $60-Insurance- $252-Property tax- $91.08-Cable- $450-Lawn care- $75-Vacancy- 5%- $398.50-Repair and Main. - 3%- $239.10-Capex- 10%- $797-Property management- 10%- $797.