- Drain pool, cover pool- Run HVAC for 10 minutes, AC/Heat- Leave refrigerator slightly open- Run all water fixtures and flush toilets a few times- Drain and turn off water heater - Have gardener specifically look for rodents intrusion Any and all ideas on additional long-term storage welcome.

Repair Costs: $2500Down Payment: 25%Interest Rate: 6.1% - 30 Years LoanRent: $2350 (current)Water and Sewer: $150 monthlyGarbage: $100 monthlyInsurance: $200Other: $275 (this is my HELOC payment assumption)Vacancy: 5%R&M: 7%CAPEX: 7%PM Fee: 10%Annual Income Growth: 2%Annual PV Growth: 2%Annual exp.

There seems to be some water damage in one corner due to some water that was coming down from a gutter.

When utilities (maybe just water) gets turned on, city requires an inspection.

Theres water damage to the plywood.

The quality of tenant is the variable, most people that need section 8 are good people who just haven't quite figured out how to improve their situation in life, they just want a place to live and will generally behave if they have a solid, clean, safe place to live.Make sure you check local laws and rules around section 8 so that you don't get yourself in hot water, perhaps get in touch with the existing owner/property manager and see what there experience has been with section 8 and especially the current tenants. 

The city is replacing the main water line at one of our single family rentals.

If so do you want them going down there a lot.For hidden costs expect to be hit by higher water bill fees and maintenance and vacancy. 

The community was presented as a stabilized and clean park but had under market local rental rates.The community is located within the City limits of Declo and has all city maintained water and sewer lines.

Ottawa's a tough city to get a high cap rate in so the monthly cash flow is typically lower than desired even if looking at a pure rental.I definitely wouldn't say we make a "sh*t-ton of money" :) but we have about 3k/month left over in our budget after all of our expenses.