I am currently renting a place for $1,000, and I would like to "house-hack" and live in the 1BR unit (all numbers assume I am collecting rent from all three units though):Offer Price: $365,0003% Seller Assist: $6,400Total Income: $3,200Unit 1 Rent (2 BR, 1 BA): $1,250Unit 2 Rent (2 BR, 1 BA): $1,150Unit 3 Rent: (1 BR, 1 BA): $1,100Total Monthly Rent (before vacancy): $3,500Total Monthly Rent (assuming 1/12 months is vacant): $3,200Total Mortgage: $1,940Monthly Mortgage: $1,700MIP: $240Total Expenses: $1,065Maintenance/Repairs: $280/month (~8% of total monthly rent)Property Taxes: $240/monthInsurance: $170/monthCapEx: $175/month (~5% of total monthly rent)Water: $150/month (not metered)Miscellaneous: $50/monthFYI - did not budget for property management, because I intend on living here long-term and self-managing$3,200 - $1,940 = $1,260$1,260 - $1,065 = $195 cashflow/month

I love to travel and have traveled extensively around the world - I've been to four continents and countless countries, I've climbed waterfalls (yes, that means going up against the water), kayaked with whales, and successfully avoided a police search party in Colombia (what happens in Colombia, stays in Colombia). 

Other concerns would include long-term liabilities such as single/dual metering for water, gas and power. 

On the other hand if you are telling them that you are "bringing a buyer" and you are not an agent you may be in hot water for acting as an agent without a license...  

Rising waters raise all boats but receding waters can beach more than those that are docked.  

Johns River Water Management District), etc.  

Stephen, this is literally a copy/paste from an email I sent one of my partners recently about a duplex we were analyzing (which had 16,200 gross income):1500 - insurance  500 - landcaping & snow removal1620 - 10%management1620 - 10% of gross inc for repairs/maint3252 - $22.95 per 1000 in East Prov (142K assessment)  200 - electric  (common)  800 - water  800 - sewer  405 - 5%misc/turnover/screening/leadtests/etc.It was a quick email so I might have missed some items, but there are some #s for you.Also it's important to distinguish between "repairs when you buy it that you have to do to make it rentable" vs.

I could go on.Case in point -- there's a LOVELY house in my area, on the water, good size, 1/2 acre backyard, great school, amazing neighborhood -- the house has everything going for it.

Hello.

I'm sure I'm not the only one out there that has noticed things are getting quite competitive with housing again in Henderson. I've been looking for an investment and things are not staying on the market long...

Originally posted by @Nathan Waters:@Tavis Stice, I just met with my attorney today to set up a trust and LLC for the 2 houses I'm working on.