And you are limiting yourself the opportunity of savings and quality work by looking for someone who can do two trades in one company, if there are 30 demo contractors and 59 framing, you might only have 5 companies who can do both trades, and most probably they are a self-performing GC and have a GC license.

If we were to build, we would be self performing everything, no subs, all in-house employees (frankly, it's not that hard), financials might be a problem, it is not as strong to build a 1-2M project - gross receipts around 300-400k this year if I were to guess and 290k from march 2014-aug 2014 (our 2014 fiscal year), license and insurance is fine, experience??

Soon others were posting in my defense ("she posted an ad, not an opinion poll," "if you don't want to rent this, just shut up"). 

Here are the numbers:ExpensesVacancy (5%)-$105.00Cap Ex (8%)-$168.00Water (Based on living in the area)-$50.00Management (Will self manage, but still included)-$168.00Property Taxes (estimated from 2015)-$250.00Repairs (8%)-$168.00Electricity (Based on living in the area)-$200.00Insurance (Overestimated based on first duplex)-$150.00Principal and Interest (4% on 114k)-$544.25Total-$1,803.25Income (Based on area)Unit #1: 2 bed 1 bath$800Unit #2: 2 bed 1 bath$550.00Unit #3: 1 bed 1 bath$450.00Unit #4: 1 bed 1 bath$450.00Garage (2 spaces)$100.00Total$2,400.00My plan is to offer a low-ball cash amount and then refinance after some repairs are done.

I plan to continue living on the same budget and apply all of my self and my resources to real estate.

You might consider using a taskrabbit or fiver - compose a list you're interested in, either from driving for dollars or from that horrible list from the assessor and then give it to a taskrabbit - pay them to go down to the assessors office and manually look up the address - that is what I'm working on now because I have a 8-5 gig: if you have time during the week then you can hit the office your self.

He has some multi units in Collinwood, not far from Euclid, and I don't believe he self manages.

The rate is not locked until a contract is accepted, unless the borrower wants to do a extended lock and pay a higher rate.Upen Patel, Mortgage BankerFederal NMLS# 1374243Moderator: This is not self promotion.

Dan Self.

Might be good to really research numbers and ultimately ask your self...If I were caught would I be ok long term leasing.