Just give me the rent per unit and unit mix that make up total units and what utilities the landlord pays.

I see this place costing you about $750 + utilities at this price.I assumed:5% downfull askingself managedtenant pays all of their utilitiesExpenses as I see them:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $1,121.45Taxes $373.17Sewer and Water $-Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $125.00Mgmt Fee $-Vacancy $88.00Total Expenses $1,857.61 + your sides utilities

Obviously I am going to look at it and check out all appliances, roof, separate utilities and all that.

I assume you're taking into consideration everything for the homes: taxes, insurance, vacancy, repair reserves, expenses (CPA, utilities, permits/fees), property management, etc.The way I have been able to purchase my investments in such a short span, is to purchase investments which need significant improvements, complete the improvements myself (I'm a contractor as my day job), rent the unit and then refinance to pull cash out.In addition to doing that, I went to friends and asked to borrow money.

In fact, that is how you get enemies and have me ensure that everyone from Code Enforcement, building departments, utilities, etc that have built relationships with, knows this is how this person acts.

I always assume 6 months of holding costs (taxes, insurance, utilities, interest).

If a full tear down doesn't work because of county/city codes or something you can demo all except the utility wall.

I've joined the BP community to utilize the educational resources.

We usually have a certified hvac guy do our furnace filters, it cost us $70 per house but then we get a rebate from the utility co. and he checks the units then also checks the house for us.

I utilize sub contractors for the labor and develop work flow schedule so all the subs are working properly without it becoming a circus on the site.