More like $750 for a 2 bedroom.If the HOA doesn't include electricity, then add in another $300 or so month.

It Has plenty of public road Front and power, but no public water or sewer available. property should sell for about 15k of the MLS, I offered 5k cash or $200 for a 3 year option to buy at 6k.

My son is an electrical contractor and my husband worked for over 20 years fixing houses for an investor.                                                                                                              

Gas and electric and the list goes on.

The home as was an expensive albatross around her neck, she barley could afford to pay the power bill!!

Properties tend to be older, so when you do a rehab you often need to replace electrical, piping, etc...I think newbies look too much at the current rent ratios cash flow and not enough on the vision for adding value and increasing rents. 

The reality is on a HUD home in many cases you will not be able to turn on utilities even with a ratified contract as in many cases the property has known leaks or electrical issues therefore they will allow the utilities turn on at all....even for an appraiser.  

I have been repeatedly requesting documentation to paper up this transaction showing altisource has the power and authority to act on behalf of the trust that owns the property with little success.Seller is now 6 days in breach of contract and claiming they have no paperwork to provide us (even though they have claimed this before) although I know for a fact documentation exists as they have provided another trust instrument.

Inflation can cut your rental income in half every 15 years historically.Your rental income today will not have the same buying power if it is not appreciating by at least 3%.  

Push the money into federal municipalities, state municipalities, and paying off your most profitable property in my opinion.Federal and state municipality funds are tax free investments, and mine perform in the 8-9% range, which means tax effective 11-12% range, equal to that of a decent cap return for real estate, plus they usually pay monthly.on top of that, the last thing the states and feds wont pay is their water, power, and sewage bills, hence why its a good steady flow of income.Also, it gives you three sources of solid residual income.