I know you've got them because when you're analyzing tons of deals you're not stopping the whole process to get an exact age on the hot water heater :)I usually plug in 1% of purchase price per year for CapEx for a SFH plus 4-10% of gross rents for repairs.

Oil and water don't mix.

Hello, I am looking for recommendations for property management companies in Clear water, FL who can handle multi unit buildings.

At the meetup there was a speaker who was talking about his success to financial independent and when he went through his list of rentals he bought over the years it left me with a lot of questions. 1: Most of his rentals he bought in B+ to A area's in the 300-450k range in Florida.2: His numbers just didnt make sense, one deal he posted it showed literally like a +$5/month cashflow only....So afterwards i started to talk to him more and he mentioned that he is not the type that invest in cashflow, he is a equity investor... intrigued me so i asked more questions and basically he went on to explain to me that he buys properties that need a little bit of work, but have built in equity in the deal, but he has 4 main rules he goes by... 1: If the Roof is greater than 10 years, he always puts a reduction in his offer for a replacement roof.2: If the A/C is older than 5 years, he always puts a reduction in his offer for a replacement a/c.3: If the house is older than 30yrs old, he always puts 10-15k reduction in his offer for a water line replacement.4: He refuses to buy houses with pools....Anyways after a bit of talking he explained to me that he buys larger 300-450k houses, because most investors are educated to not buy them, so there is a lot of room to wiggle on the deals due to lack of competition on offers and most people in that price range are easily able to be purchased with a few % out of the deal to skip agent commisions..Example he gave me, he recently bought a 455k deal for 405k, but the ARV 535k, because he talked them down in needing a new roof, and a/c and offered to pay cash instead of going through an agent if he would drop 4% off the price for that... 

They both have completely different gas, water and electric meters.

All water and power are individually metered.I have been given the income and expenses and just wonder if any expenses have been left off.

I'm starting to learn the hard way that bills follow the house in GA - trying to resolve a 6-year-old water bill that was deducted from my proceeds when I sold a house in Atlanta, even though I never had an account with the water department.

I have many, many years and deals worth of experience that I can bring to the table.

I also put the first lender on notice and get a written confirmation if my borrower is in the process of a water landing I can step in and take over the project. 

Unfortunately the house had hot water heat and two of the walls had long registers.