Just think of your mom and dad or your grandparents when you embark on these ventures.. and how you would like them to be dealt with then let your conscience guide your actions.Remember in BP your a hero if you rip 50k out of a wholesale deal even though the seller should have gotten most of that for every wholesaler who takes a HUGE cut above industry norm there is a seller losing out.. so again.. its a morality thing as well.

It should not be part of your operating expenses, but located "below the line" as a reserve taken from NOI in a manner similar to your debt service.To be conservative in your analysis, I would boost the vacancy allowance to 10%,   Have you accounted for garbage collection (or is it provided by the municipality) and grounds keeping?

(You may be able to go lower which would boost your returns.)Cash out of pocket is $200Kx25% = $40KYearly Cash Flow is $900x12 = $10,800Cash on Cash return is $10,800/$40,000 or 27%If your numbers are right, I don't care about property valuation, that is a pretty good CoC return. 

Closing February 15.  157 days to close.So the moral of the story is that title can be complicated. 

A new ruling in 2016 allows you to write off a lot of items for big boosts in tax savings.

Once I dug into the provided information and talked to residents, all the properties were losing money due to one or more of the following reasons: Problems associated with the tenant poolHigh maintenance costs (age, damage, invalidism, etc.)Deferred maintenance issuesThe moral here is that if you are buying a property from an investor, you need to find out why the current owner is selling.Property AgeBelow is a graph showing the number of 4-plexes currently for sale vs. the year when they were built.

Moral to the story be careful and do not get to greedy especially if you new about the issues before you made the offer to me it has always seemed unethical and when it happens there is always more coming from those type of people.  

Moral of the story is that even though a house might be clean and not damaged it still might need update work.

A couple topics I'm curious about:How can I, as a 21 year old with a credit history of only around a year, be a part of this deal/mortgage and help boost my reliability as a home/property owner for deals I make myself/with him in the future?

Later turns out the tenants were family of the seller boosting the rents for the sale.