You'll have all the other holding costs -- insurance, taxes, utilities, maintenance (besides the rehab,) and maybe HOA fees.

I created a Short Sale utility that produces all of the docs needed... contact me and I will send you a link.Good InvestingMichael Quarles

I certainly do not have extensive experience with commercial, but more than 90% of commercial that I have dealt with was on a triple net lease- multiple tenants per building or not.

She moved in a boyfreind who was a loser and basically just put utilities in his name and did not pay.

Owners who have owned their homes for more than 20 years (possible free and clear ownership and also possible extensive repairs needed)3. same as #2 above but only non-owner occupied (burned out landlords).Then there should be a way to mail merge the list easily onto postcards and mail them without doing the labor yourself.

In the meantime, the new hot water heater elements have been working overtime and probably resulted in greater utility bills.

However, with the poor job market, I may have a more difficult time flipping the contract. 2) Has anyone utilized those websites that sell motivated seller leads?

If you use the 2% rule:Mortgage ($108K, 7.5%, 30 yr): $755Cash flow: $332 or $83 per unit per month (better)Even at $108,000, I would not buy this building because the utilities are not separate.

Utilize wholesaling to generate cash flow.

Often appears to be less because only the most obvious expenses (taxes, insurance, utilities) are included and others (maintenance, property management, advertising, legal, evictions) are neglected.