Also, to me the noise is fairly unnoticeable from the inside.Here are my estimated monthly expenses: Accounting Reserve $ 38 Advertising Reserve $ 50 Homeowners Insurance $ 240 Flood Insurance $ 45 Lawn / Snow $ 80 Legal Reserve $ 45 Property Management $ 152 Repairs / Maintenance Reserve $ 100 Supplies $ - Vacancy Reserve $ 114 Pest Control Reserve $ 25 Garbage $ - Sewer / Water / Gas $ 120 HOA $ - Taxes $ 243.95 Capex Reserve $ 83.33 Subtotal $ 1,336 My estimated cap rate is at 4.35% at asking price.

The tenants, right now, are taking care of the lawn, snow removal, their own garbage, and are great payers, so by no means am i looking to get rid of them any time soon.

My rent estimates come from a combination of MLS listings, rentometer, and common senseNeighborhood rank: BRent both sides out:3-1: $7502-1: $500Total income: $1250/moExpenses:Vacancy: $125/mo (10%)Management: $125/mo (10%)Maintenance and Capex: $187(15%)Taxes: $113/mo ($1362 for 2013)Insurance: $35/mo (Called a few companies and got an average for around 400/yr)Water, sewer garbage: $125/moTotal Expenses: $710/mo$1250-710= $540 NOIP+I: $377/mo ($72,375 30 years @ 4.75%)PMI: $78/moMonthly cash flow: $85Yearly cash flow: $1020Money invested:Closing costs: $3500Realtor Commission: $2250 (3%)Down Payment: $2625 ($75000 * .035)Mortgage Insurance: $1312 ($75000 * .0175)Total Invested $9687CoC Return: $1020/$9687 = 10.5%Live in one unit rent the other out:Income: $750/moMonthly payment: $603/mo PITIWater, sewer, garbage $125/moMy electric bill: remaining $22 will go towards my electric bill$750-603-125-22 = Living mostly for free may need to chip in on electric or water bill.Qualitative AnalysisMy goal for selecting this property is to live in one unit and rent the other unit out and live for free.

There are tons of them online but they are garbage.

I nearly bought an old garbage dump site from the 30's that was not recorded.

Garbage.

ANNUAL COMMENTS Rent 3,000 36,000 Electric/H20/Garbage 1,400 16,800 Telephone/Internet 155 1,860 Insurance Liability 225 2,700 Sales tax on rent 315 3,780 Employees / Payroll 6,500 78,000 POS Ruby 500 6,000 Misc.

I said why would I do that.. he said  RATS.. there is so much garbage that there is going to be rats everywhere.. these are so bad they would not show them on TV

All the legal “theories” about why it was “illegal” and voided any enforcement of the note was just pure garbage......promoted by foreclosure defense attorneys, along with all kinds of other bogus “defenses” so they could collect large fees from homeowners fighting foreclosure.....all the while the attorneys knowing these defenses were bogus, knowing they would never win, but it gave them a way to sell their services to desperate homeowners.Here in FL it was an ever changing shift in new “marketing theories”........”show me the note” “invalid assignments”, “FL 5 year Statute of Limitations”, etc.Yes, there was a lot of sloppy work by banks and their foreclosure attorneys, and some improper short cuts....robot signing, etc.  

They also put in service requests to fix the garbage disposal, replace light bulbs in the kitchen, replace window screens so their cat can sit next to any window without being able to escape outside, and now replacing the AC.