Yes this is my first rehab, and Yes i will only be managing and cordinated the operation. purchase the home for $10,000 from a don't wanna land lord, estimated cost of repairs are $55,000 ARV $125,000.

Here on South Beach, a lot of buildings operate as condo-hotels.

All MLS's are different, but most operate by sending information to REALTOR's sites once a week via FTP.

Accoridng to an analysis tool I have used, I can expect the following:Gross Operating Income: $11,500 (allowance for vacancy)Annual debt service (at 7.5%): $8810.16Taxable income: $7,310.17Net Operating Income: $7,990.00Cash flow before tax: -$820.16Cash flow after tax: $1738.40ROI with appreciation (assuming 5%): 33.39%Cap rate: 6.95% (I don't know what this means -- can someone explain?)

Many times, new investors don't understand operating expenses and think they are getting a lot of cash flow when they are not.

( 75 month, 900.00 yearly )Lawn ( 50 month, 600.00 yearly )Miscellaneous ( 25 month, 300.00 yearly )Total Operating Expenses ( 951.00 month, 11,412.00 yearly )Yearly Mort

Interestingly I didn't have time to load the pix so I just said they were available upon request.

This is to cover common areas)Utility ExpenseElectricity Water GasSewerTotal Utility Expense = 3.1%SuppliesApartment cleaningCarpet cleaningExterminationGroundsPaintingPlumbingOther Maint/RepairsGarbage /Trash RemovalHeating and Cooling RepairsTotal Operating & Maint exp = 16.6%Real Estate TaxProperty and liability insuranceTotal Taxes = 8 .1%Net = 57.9%

SKI & SNOWMOBILE MOUNTAIN RESORTS LIQUIDATION Turn Key - All Inclusive (all resorts operating & maintained) *** Ski Resort: 3 lifts, 14 runs, Snowmaking Equip. etc. etc.

The different MLS systems are operated by the local REALTOR (r) organizations.