But all the work we put into filtering thru garbage houses to find a deal we can work a good profit from goes out the window when we miss deals because we got greedy.I come up with my MPP and depending, who the owner is, (bank/HUD/FM/Private) and the activity on the property I determine how close I want to start to my MPP.We can play around a bit more on dead properties than we can active ones.

Quick math – Divide current SEV by the taxable value then multiply but the 2008 taxes (be sure to subtract out any water / sewer / garbage / special assessments before you do this).

.- garbage day on an empty house- taxes due for city X, city Y- water payment, who owes how much- text Tenant DUM to remind him the rent is due- that tenant that said he'll pay late needs to pay the fee on Nov- call FPL to transfer utilities- drop off the monsters at daycare- pick up the monsters from daycare- get a haircut, you bum!

I’m looking at a property that has the potential to be a decent cash-flowing place, but it’s currently way under market.The current rent between the 2 units is $1000/month with a market of $1100/month, and the owner currently pays for their heating oil, water, sewer and garbage.

I would include a water/sewage/garbage bill to your numbers.If you have the means, try putting down 5% and doing a conventional loan with a smaller PMI payment.

I would remove the garbage disposal for sure.

It's almost all garbage not worth much.

The annual expenses (sewer clean out, garbage, water, repairs and maintenance, landscape/snow removal, property taxes, property insurance, management fee, 5% market vacancy plus $2,000 in reserves) come to $16,020.

Unbelievably, I've seen some landlords not raise rents in years even though their expenses have increased.Six months of the most recent utility bills (garbage, sewage and water) and if the units operate on separate or combined meters.  

We found 300 beer cans in 8 garbage bags in the side yard the day they left and it needed a deep cleaning.