:lol: Also, another part of the sidewalk the guy installed these ugly pink fake brick pavers, and they are desintegrating. part of the sidewalk lets two inches of water collect when the snow melts in the spring, making it hard to walk on for about two weeks.

Also us that method for identifying the real estate attorney, insurance and real estate agent (s). Now

Also living in the snow belt doesn't help.

Property Cost $200,000.00 Repairs Needed $50,000.00 Number Of Units 10 AVG Rent Per Unit $475.00 Gross Schedule Income $4,750.00 Vacancy Allowance 10% $475.00 Gross Operating Income $4,275.00 Less Operating Expenses Accounting $25.00 0.58% Advertising 0.00% Insurance $125.00 2.92% Lawn / Snow $- 0.00% Repairs $85.50 2.00% **Since i guess high for repairs, i lowered this down to 2% Monthly Taxes $458.33 10.72% *** Renter pays Utilities Electric $- 0.00% Gas $- 0.00% Fuel Oil $- 0.00% Water / waste $- 0.00% Total Operating Expense $693.83 16.23% Net Operating Income $- 0.00% Property Cost With Repairs $250,000.00 25% Down $62,500.00 Additional Cash Down $- Remaining Balance $187,500.00 Gross Operating Income $4,275.00 Monthly Mortgage $1,875.00 Total Operating Expense $693.83 Monthly Profit $1,706.17 36% profit My formula always shoots higher on the cost to protect me.

My financial independance being able to go skiing if we get a couple of feet of snow or golfing if the sun is shining.

Real Estate Taxes $25,732.00 Insurance $3,928 Water & Sewer $19,812.00 Electric $1,000 Trash $3,000 Snow $270 Right off the bat, I'm wondering where are the expenses for maintenance and management, and I'm sure there are other expenses I've overlooked that need to be included also.

Who will mow the grass & trim the weeds - shovel the snow (if relevant) - take tenant's calls?

Unless you have a huge sq. ft home, $20k for a new roof is way too high and minor repairs should be around $500 as Jason stated.If you have a roof in snow country where the angle is very steep, prices can get higher, but I don't think that is the case here.

I hope to have notice of it on BP by Friday.I'm tweaking the technique a bit: advertising it for about 3 weeks, rather than 5 days, advertising it nationwide, rather than just the local area (we do get snow birds), and offering separate inspection periods for people with EI/MCS, because of their needs.

I admit, I think the city looks great in the snow, but it is not okay to get this much.Maybe we should get some sort of area for NY investors here.... hint, hint :groovy: