Thx again in advance.Expenses Annual Figures R/E Taxes $9,756 Insurance Premium $3,000 Maintenance $4,000 Water & Sewer $3,000 Common Electric $700 Gas Heat/hot water $0 Tenant Paid Management (5%) $3,937 Garbage $0 Ind.

I'm looking at a home with a gravity heater in Minneapolis and know nothing about them.

Should I not consider the home because of these? Seems like it can be very expensive to replace.

I can purchase it on cash basics but I don't want to loose this property if I bid to low .

Im really not a fan of your plan, are you unable to borrow at a bank, the Commercial lender at a small community bank generally can close fast and at a low cost, I can do 6 mo ir 1 year Interest only at 4.5% on a 20 year amm, i need 20% down and fund fix up, but they would also do a loan based on ARV, and you put 20% of ARV down an they fund purchase and fix up.   

All of our properties are fully renovated, including upgraded electrical, plumbing, water and heat, to ensure low cost on future maintenance.

I've also read Brandon's book "investing in real estate with no or low money down" and his investing for beginners books a couple times.

Rents in this area for 3 bdrms can go from 750 or so on the low end and up to 950 on the high end.Id like to keep one apt and use the comm space(i have an idea).ANY HELP AT ALL WOULD BE SOOOO APPRECIATED!

Where in the country are property taxes that high for such a low price?

I'm looking to get into real estate to flip home with low or no cost investment at this time.

You are in the right place- there are plenty of free or low cost resources on this site that can help you determine the kind of real estate investing you want to do, the area you want to be in, etc.