Clearwater Beach (#6 US).Hard to believe 4 months ago they were under 6ft of water and getting 100+ MPH winds. 

Anything under 2k for SFH near the water is REALLY GOOD

Land + soft costs (architect, engineering, water, etc. - any cost accounted for prior to permit) should be considered as equity in the deal once ready to build. 

At one large single family house with 4  bedrooms the yearly oil was $5,900, as the boiler produced domestic hot water also and ran 24/7/365. 

Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

As I posted recently on BP, some of the units that I've owned included heat and hot water in the condo fee, which increased the condo fee such their fee was in the $380 monthly range. 

Feel free to reach out or drop a message below if you'd be open to a conversation or networking!

Final Water Quality Plan.10.

I think I'm going to wait for rates to drop and refinance into an LLC using a portfolio or DSCR loan. 

Drop your thoughts below!