This particular building would be hard to figure out based on past usage because the buildings had been foreclosed and the current owner has had a lot of vacancy in the past which would show lower utilities during that time.

I always need 200K to buy and renovate a income property, and I do not make 200K Net a year :).if you flip, the bidding wars may be good for you, since you buy low and sell high on a bidding war :)There is still houses that do not attract bidding wars, you just need to be patient e negotiate.

Once I have it looking the way I want I will begin bidding on the keywords I was given, and with the articles I purchased I've created a nice PDF E-book about different situations a struggling homeowner might face and how to overcome them.

There is a title product that most title companies offer called an "Ownership and Encumberance" (O&E) report that just lists the current vested owner/s and all liens on the property (including taxes).

Read E-Myth and Mike says... never do management by abdication aka don't outsource the important part in your business that you don't understand or never done.

The cost of the cosmetic fix to the drywall is insignificant, the concern should be, is this a foundation issue or a poor install of the door, or perhaps some heavy abuse of the usage of the door.

As for utilities it would be the same if you share water and it is not separately metered to accurately determine usage then that bill would be split and used as an expense for the other unit, not deductible but an expense.

@Trevor Lohman and @Patrick E.

Might need to set up a different e-mail account.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!