This is after all operating expenses (taxes, insurance, prop. management, repairs, vacancies, etc.).

Here's another spin on the numbers you've reported in your original post - Gross Potential Income Rent: $325 x 24 Units = $7800 Utility Income: $48 x 24 units = $1152 Less Vacancy (7%) = (627) Gross Income: $8325Expenses, monthly: $4083 (from the annual expense figure you were given)Net Operating Income: $4242Debt Service: $4112(I happened to have a very good friend who's a multifamily loan officer in Dallas, and asked him this afternoon in a call what rates are available right now for a multifamily deal this small - he gave me 5.81%, 30 year amortization, 5 year call.

(this is what my mean sister is counting on - so that she can buy it for a song now that she has virtually destroyed it!)

You're operating off of a different system from the buy/sell/flip approach.

If you are interested, please contact me directly to discuss.Valley Agent Criteria:A self starter, but not someone who is ambitious enough to go out on their own… Knowledge of SF Valley and Thousand Oaks/Simi Valley (member of SoCal board) Someone who understands the rental market (acquiring low price properties that demand high rents) Experience with Winforms and MLS Investment property experience Computer savvy Home office with fax, email and a windows operating system, Outlook (not MAC) Someone with an existing book of potential clients Someone who knows the neighborhoods intimately in the SF Valley and Conejo Valley

Operation of law (such as BK)2.

Price per sq. footage is virtually the same at about $45 per sqft.My question, since my strategy is Buy, Fix, RENT.

I have been a landlord for over 10 years so I know how to run a rental operation and make money.BW

Assuming you calculated all the expenses that most people leave off and your ending up with a + cashflow of $50 for your property, chances are you are really "-" once you get to operating the property for a year or so especially if you are not a handy man.

In summary, that would be a great time to buy these stocks.With the (limited) knowledge I have on stocks, these are the stocks in my virtual trading (like a Play Money Poker!)