During your due diligence you'll want to back up the financials with one year's utility bills, copies of the service contracts, and a lease-file audit (comparing the leases to the rent roll).  

There are plenty of services you can subscribe to to get even better data than the MLS because they give you all sales, not just sales through the MLS. 

A good goal would be to work up to 6 to 9 months of debt service in reserves. 

What kind of due diligence services do you provide?

I can recommend my guys all day long, but if your deal is in an area where they don't or won't service, there's no reason to make the recommendation. 

Please make sure you are doing you due diligence before you hire anyone here. 3) You can use software like buildium, appfolio etc for property management and some other online services that allow for credit checks etc.

Services Borrower Did Not Shop For $54,875.00 $35.00 01Credit Report Fee to Investor Lending USA $50,335.00 02 Escrow for Construction to Investor Lending USA $10.00 03Flood Cert Fee to Investor Lending USA $3,500.00 04Lender Fee to Investor Lending USA $995.00 05 Processing Fee to Investor Lending USA C.

If you don't then they may not be willing to commit to you, and you won't get the right service. 

@Cherrell Thomas cash flow is the profit that's left after debt service, property taxes, property management, common utilities (if any), reserves for repairs (small things like leaky faucets, AC servicing, etc), and capital expenditures or capEx (larger things like a new roof,new HVAC, major plumbing overhaul...these are treated differently on taxes, written off over a specified longer period) and other expenses.The first item I mentioned, debt service, is where the answer to your question is.

In most area's water is a required service that landlord's have to provide for tenants.