You need to find out about those utilities, that could eat all your cash flow up quickly, even if you only need to pay sewer.

So, if hasn't lived there in a long time, he would have to eat the capital gains.The other option would be to do seller financing.

I guess I'll list them out as simple as I can and I can answer any questions on the details since I'm fairly green to being a property manager.1.

"are you investing with the goal of obtaining a green card?"

Those hard money loans can eat you up if you are not careful and high a big higher of vacancy then you were thinking.

If your 400,000 is in line with the appraisal you may get a green light.  

Older buildings or rougher tenants have hidden (and not so hidden) things that can eat up those potential numbers.  

When I did hire a lawyer due to a tenant problem they had me send two of the exact same letters, one by regular mail, and one return receipt where you get that green card back. 

If you could enclose the car ports I would think that would add tremendous value, and much more renter appeal,, Do some nice ever green type low shrubs so it looks green year round if possible. 

James Green Yes of course, which was the question I asked.