:cool:

But from my neighbors perspective (from my observations) it is like chinese water torture and he is just waiting for the next drop to come.

:cool:

Story: http://www.newsday.com/news/nationworld/ny-nybiden0330,0,1807494.story :cool:

Here are the details:Property type: DuplexPurchase price: $35,00030% down payment: $11,000 (rounding up for simplicity)Loan Amount: $24,000Debt service: $160/monthMonthly rental income per unit: $500 (minimum rental in that area)15% maintenance15% Vacancy (already have both units rented)Monthly Water/Trash: $50/monthTaxes: $142/monthInsurance: $50/monthUsing a real estate investment spreadsheet the numbers do not look bad but I would like to get some opinions on what I have missed.

It's listed at 99k and it's rents are listed as $1,500 plus all utilities except water and trash.

napalm :cool:

A contingency in your offer based upon the commission agreed upon in the listing contract that you are not a part of just muddies the water.

:cool:

Ok, I did some quick research on this as I am now interested in trying this in one of my properties that we are going to have to tear up the floors in one of the bedrooms due to a rotted subfloor.According to askthebuilder.com you should definitely prime any bare wood but more importantly after the paint sets for a couple of days you should apply 3 coats of water-based urethane.