What are you TOTAL monthly expenses including gas, food, gifts, movies, mortgage, dinners out etc?

PECO will need to know the total BTU maximum load demand for all of the gas burning equipment to properly size the lines and meters; I would expect one big line from the street to the property to be sized to handle all BTU demands for all units, and then a split to let each unit get a line and meter sized to their individual needs.No way that anybody on the Internet is going to be able to tell you what this will cost.

. $150/sqft... if you want something with "ehhh" finishes then you can probably get down to like 100-125/sqft depending obviously on how much work you give your guys and what kind of relationship you have with them.

@Mike Dymski Sorry, yes obviously any competent CPA will be depreciating expense below 2500.

Make a spreadsheet and take your total rent and subtract vacancy, mortgage, capital expenditures/Maintenance, Tax, insurance, and property management (You always want to include this just incase down the road you end up using property management).

Total gross rent = $1050 per month. 

What does it mean when there is a high bankruptcy rate in a small town with no obvious reason?

:edit obviously owner-financing is an option if the terms ad up.

More likely we would have had higher holding costs for holding it while it was on the market and then under contract until it closed.My portion of the profit when split with my partner = $12,406.50Lease OptionPurchase price $72,150 (includes closing costs)Rehab $40,353Holding costs $2,184AVR based on appraisal $150,000Option price $159,900 for 5-year optionFinanced $112,500 on a 20 year mortgage at 4.69% (adjusts after 5 years)Bank closing costs $1,992Option fee $6,500Total into the property -$2,320 (each of us got $1,160 after getting the loan)Monthly cash flow $195.06 (97.53 each)If the optionee exercises the option just before it expires then we will get the difference between what we still owe on the property and what we are selling the property for and we will split another $50,258 ($25,129 each).Total profit $64,283 ($32,141.50 each).In summary, we will get paid a little less than 3 times the amount than if we were to just sell it.  

@Michael Totman There's one company Associated with National Real Estate but they wouldn't cover my own home, were $2,000. total higher than my existing policies and had reductions in coverage so I'm sticking with my smorgasbord for now...