Thank you Some numbers on the property Rent total +$2600 Monthly expenses Principal & interest -$694 Water -$350 Trash -$250 Vacancy %10 = -$260 Repairs % 5 = -$130 Property management = %8 = -$208 Insurance = -$140 Yard work = -$50Hey Deville,I don't have anything in CA but are water and trash really that high for a 4-plex there?

If my time is worth $50 per hour and I can hire out the yard mowing for $25 - then, I just saved $25, not spent $25.Also, don't forget the taxes are 2% of the Assessed value not the purchase price as you have in your figures above.Good luck.

As the executive director, accept the vehicle as compensation (as a pay benefit), buy it over time from the corp. at it's depreciated rate including the value of the benefit of driving it, at it's salvage book value.

So this whole time he had the whole apt to himself and he took over the basement and the yard and the hallways.

I know I will need to have some reserve put up for maintance, vacancies, yard work and what not.

In 2 weeks I will be going to Phili to look at properties with a local broker who I started working with.I will be looking for homes that are mostly 3 bedroom 1 bath and some are 2 bedroom 1 bath. all seem to be row houses, 2 floor, some sort of small rear yard (very small), and have basements, and about 800-1000 square feet.The specific areas will be between Frankford Avenue, and Kensington Ave between East Somerset street and east Venango street.

Investing there is still high quality because the sector is very professional (especially through participation funds), but it's just not the same as self-managing in your back yard.

It has a large, private yard (1.3 acres with nobody close on any side) with mountain views, located in a nice valley.

I provide services such as lock changes, winterizations, yard care, and eviction services.

A lot of the houses we get are neglected including the yards.