Corrrect me if i am wrong but it is not the land lords responsibility to pay for the water.?

I am new to being a land lord but not to making deals and make money.

I did a cost analysis and found that it is not very profitable to flip, however I am really curious about renting.An example is a place I am looking at an 8 plex that does not have individual gas and electirc thus land lord must foot these costs.

Brad - If you are investing in the Birmingham, AL area, I have a contact that is doing investment stated loans, 80% LTV for purchases or 80% of appraised value for refinances.

This is suppose to get rid of the slum lords.

Those area's of the city will only bring in the upper $300 range and you can pick up properties ready to rent for 10 to 15K that require no rehab if you want to be a slum lord.

It looks sort of like we'd be in for slum lord hassles to me, but I donno.

Land Lord Eviction records (state courthouse websites), Buy lists and send mailing peices ..

Im not sure weather i want to do be a land lord yet, or just get my feet wet with rehabs, and flips, any suggestions?

Yes this is my first rehab, and Yes i will only be managing and cordinated the operation. purchase the home for $10,000 from a don't wanna land lord, estimated cost of repairs are $55,000 ARV $125,000.