Make sure you figure out your Snow removal.

If it is shoveling the snow on sidewalks or driveways or cutting the grass at a single family home or their half of the dupelx-those are things the tenants should be doing when they rent the house-no decrease in rent, no extra pay.

I spoke with our county and they have no current permits on the property as a lodge due to that face that its been around since the 1920's and I dont think the county was hassling with permits for this area in the 1990's. Now

This is not including lawn and snow removal.

To lower expenses consider, more efficient appliances and fixtures, bidding out paid services (landscaping / snow removal), efficiencies of scale through buying in bulk and sharing services, combining services and systems.

@Brian PloszayThis is what I came up withTotal Monthly income: $4,000Total Monthly Expenses: $ 3,282Total Monthly Cashflow: $718Total Annual Cash flow: $8,620Total Investment (Down payment+ closing): $14,350Cash on Cash Return: 60%Expenses:Monthly Taxes$917Insurance$120Water/Sewer$50Garbage$0Electric$0Gas$0Lawn/Snow$75Vacancy$200Repairs$100CapEx$100Prop.

I feel as though we miscalculated something.One unit yields $400 in rent (1 bedroom) and the other yields $800 (3 bedroom).Total Rent: $1,200Duplex Price: $67,000Down Payment: $3,350Repair Estimate: $2,000Closing Cost Estimate: $1,500Total Investment = $6,850We factored in:Mortgage: $340Mortgage insurance (we would have a low down payment): $40Home owners insurance: $67Property tax: $113Vacancy savings: $60CapEx: $60Repairs: $60Lawn/Snow: $120There are no HOA dues.Total costs: $860So, our monthly cash flow should be $340.Annual cash flow $4,080Total Investment $6,850ROI: 59.5%I feel like this return is far too high.Is there something obvious we're missing?

Otherwise, it's just another thing for you to maintain, and for the tenant to shovel snow off of in the winter.

It can be a significant expense in upstate New York winters -Landscaping including mowing and snow removal-capital expenditures - if you plan to buy and hold eventually you'll need to replace the roof, water heater, etc. best to put aside a little every month -property management - if you self manage this will just be part of your cash flow, but as you grow your business or if you hate managing you may need to outsource.

Expenses like lawn care/snow removal you can pass on much easier to the tenants.