sounds like a good deal, 7700 potential income, you would have about 380,000 mortgage when done (1800 - 2000 / month payments) then figure in your taxes, insurance, maintenance, PM, water / sewer, garbage and any utilities you may pay. keep the current tenants in so you have some cash flow and renovate each duplex and fill them one at a time until you do them all, this will keep your expenses down while building up the income, just let the people who will look at renting the new places that the rest will look the same, so they know they wont be living next to places that need work and not taken care of.

We have three water bills from the Water Department, Malden, MA.

All was going great until tenant called 2 days age and said her discharge hose from the washer machine was backing up from the drain behind machine.

Gross Scheduled Income: $12600Expenses (Maintenance, Management, Taxes, Insurance, Utilities (water & trash paid by owner), Landscaping, Common area electricity, CapEx, Vacancy, Internet for complex, security, etc.): $6400Debt Service (5.5%, 20yrs, 80% of cost): $3700Cashflow: $2500Annual COC: 17%I want to make sure I'm considering everything but also don't want to get stuck in analysis paralysis.

We have three water bills from the Water Department, Malden, MA.

Currently we are renting for $1100 plus electric and water, aprox $200.

.) = 529 x3 months (March, April, May)$3456: Interest only HML payments ($92,160 @ 15% / 12 = 1152) X 3 months$ 1137 Dumpster fees x 1 month (10 yard dumpster @ $379 flat rate per 10 days)$ 3500 staging fees x2 months$20000 Rehab (extremely conservative estimate, actual cost pending)$5000 Possible Repairs (extremely conservative estimate, actual cost pending inspector report)$300 City Water, trash, sewer (@100/mo)$900 Electric ($300/mo)$84 HOA (@$28/mo)$300 Lawn mowing ($100/mo)Selling Closing Costs and expenses = $19,380$ 7140 (3.5% of ARV)$ 12,240 (6% agent fee)Total Profit = 204,000 – 169,217 = $34,783 (before taxes)

Your agent can get a Property Condition Report off of HUDs website that has the condition of the water supply, HVAC, roof, electric, etc.

Like foundation work, mold damage, water damage and things like that.

But cable is like a water pipe that is shared among everyone on the line.