I'm looking at buying my first owner occupied duplex/rental property.Comps = Median Price $149,000.00Duplex 1bld. 2units. 2bd / 2bth 13yrs. old Living area 1,800sqftList Price: $214,000Annual Gross Income: 20,400Annual Expense 4,366Annual Net Inc: 17,174.93Taxes: $2,362.00I don't know what the insurance is Tenants pay for electric, water, sewer and trash. 

The tenants in my condo (upper unit) left the water running while filling a bathtub, resulting in water leaking into the downstairs condo.My tenant has $300K liability insurance, but apparently it doesn’t include any negligence water damage.

I paid about $8 for electricity and $5 for water for August - these expenses are so minuscule, that I completely forgot about them.

It's outside of earthquake country, outside of forest fire country, outside of canyon fire country and we enjoy the drive (until we hit Riverside ;-) haha great way to describe it.I used to live in Pomona (10/57 freeways meet) and I could’ve sworn it took us 6 hours to get to Glendale for Spring Training

For example, my duplex has brand new furnaces, hot water heaters, and AC units, and the roof is 5 years old.

That sounds good until you factor in dealing with 15 different low income families , 15 hot water heaters , 15 roofs , property tax and water bills .

I finished up my MBA this spring and didn’t give the unit the attention I should have while I focused on my school work. 

From what I've seen it looks about 40k in Portland. 10-15k in rural Washington county, but Im not sure I found all the fees and I haven't found info for rural Multnomah county or any other city yet. rural means no city water or sewer so well and septic and if you don't have those U can spend at least 10 to 15k on a well and water system and septic 15k to 50k.. depending on soil.plus your 5 to 10 k in building permits.. then your ready for vertical.. so city fee's are usually cheaper.now place like Yamhill or Carlton you can find little funky infill and fee's there will be less than 20k.. maybe Banks Gaston etc.its tough for land here. 

That would be muddying the waters between the HOAs books and your books.

He charged me $2k to purchase and install a 75 gal gas water heater, and dispose of the old.