I plan to find a better PM soon or maybe try to do it myself, if possible.We would be in Fort Lauderdale.Last summer when we were on vacation for a month in Florida, several severe events happened at one of the buildings in MN and I was surprised how easily I could fix the problems remotely with just a few phone calls.

Serving costs used to seem to me like an added expense for a small convenience.  

I'm from Minneapolis and I recently purchased a duplex in South minneapolis in the Longfellow neighbor which is conveniently located by the light rail and near the historic Minnehaha Falls desirable area.

I'm kind of surprised that tri cities doesn't have a good groups already.

I am surprised to see that the search did not show many comps from 3 months back to present.

Maybe you had that factored in, in your mind, just wouldn't want you to be surprised at tax time.

I own other multi family and SFH in the area so there will be no surprises with the lower income tenants, I am used to it.6 units at $485 per unit. $34920 yearly gross revenuetaxes= $5500 per yearInsurance = $2500Lawn snow= $1200the building has 12 year old boiler with a baseboard hot water heating system.

I was in a whimsical mood so I pulled the figure 86K out of a hat.I was very surprised when they accepted.I just paid cash.

In retrospect I should not have bee surprised when after three months I received complaints from both tenants (within a day of each other) that the bills was too high and that the other unit is using way more water/electric/gas and the split is not fair.

I'm really surprised how many houses $800k to over 1.5 mil are bought with cash!...