I was a power REO broker for a number of years until the state changed the foreclosure laws and banks changed the way they do business with REO brokers.

This is a powerful tool for first timers and one I wish I knew about 8 years ago buying my own place.Good luck!

The problem is most units share electric meters.

(on same property as #1 - Duplex 2B/2B) Also has 3 bay garage supposedly rented at $100/bayUnit # 1 - 1,060/12,720Unit # 2 - 1,060/12,720Garage - 300/3,600Total Rent Income  2,420/29,040        Expenses Repairs  2,500.00 Electricity        0  Insurance      310.00 Taxes           3,032.00 Water and Sewer    2,400.00Total Expenses     8,242.00Net Operating Income $ 20,798.00Building # 3 (duplex 1B/1B) $285KUnit # 1 -  1,018/12,220Unit # 2  - 1,060/12,720Total Rent Income - 2,078/24,940.00                  Total Gross Income - 2,078/24,940.00    Expenses Repairs - 1,380.00 Electricity 0.00 Insurance - 310.00 Taxes - 2,437.00 Licenses & Service Contracts - 65.00 Water and Sewer - 1,659.00Total Expenses  - 5,851.00Net Income$ 19,089.00I'm not sure why the insurance is the same for all three properties, I don't know if it's 310 for all of them together, or if it's the same price to insure each duplex and the 4 plex?

The properties I look at all have tenant paid electric and gas.Any help with this is appreciated.

Investor carrot SEO is powered by a company called Generation Web, which touts that their CEO is "1 of 50 who are SEO certified" - in 10 years in the industry, I've never heard of an SEO certification - is there anyone from Investor Carrot who can fill me in on what this certification is, and who certifies the applicants?

The hose on those trucks is really large. yes....houses like this scare away 95% of the buyers but as long as the bones,electrical,plumbing, hvac are in good working order then pick up houses like this for cheap!

An outlet in the house burnt out ( I am thinking it is due to them)  but they had to shut the breaker off which shut the power off to some bedrooms in the house.I scheduled a electrician to come out the following day but the tenant texted me saying they cant be there to meet him.  

since it's not a flip, it will stay like this. the porch will be repaired, it's actally leaning to the right a bit.we have special plans for this house, if they come to fruition, i will let you know. tiles and bath getting done this week, next is kitchen cabs and under cabinet lights. electrical is 90% complete

I am a licensed HVAC journeyman and also have experience in electrical and plumbing.