The property taxes are eating into the bottom line of rent income.

The mold issues alone could easily eat up half that budget let alone putting it back together for resale. 

I am doing a value play on this deal and water/sewer is eating alot of the current owners profits.

Eat some of my tasty homemade pumpkin bread… WHEN: SATURDAY, JANUARY 12WHERE: METRO BROKERS – 605 25 ROADTIME: 10am - NOON Please let me know if you expect to attend so I can plan accordingly.

When I do account for 10% of gross rents for cap ex it really eats up any cashflow margin I would get.2.)

Even with cancelled PMI, my monthly mortgage/tax payment goes up to $1650, eating most of my cash flow.The rental would likely break even for the near future and preserve equity, barring a recession. 

That really eats into profit for multiple years.

I've been eating up Podcast like a mad man.

I typically see about a 8% CoC during a deal, but some pay better and some don't pay - don't think of it as eat'in money if you like to eat regularly.  

Maybe he'll offer to eat the markup or something.