Hello Bigger Pockets,I am a United States Marine, and i've been looking to break into small multi-family investing for a few years now.

That will give you a better understanding of your water bill expense when your factoring your cash flow and if that's going to make or break your deal.

I currently have the property under contract and feel good about the returns, but I'd love to hear what you guys think and how you would break down the deal.

The water main break is affecting an office building that really needs some kind of working toilet.I've already contacted Grogan Sani Services (Thanks @Todd Whiddon) but it went to voice mail.Thanks!

Based on the behavior you've described I don't think I'd want her in my rental anyway and would offer her a deal to return the keys and leave, but I wouldn't do this without there being a consequence to her (deposit forfeited, rent paid for the time she's had possession and possibly lease break fee).  

I am 20 years old and most of the members are above 40, I have good standing with them but feel a little uncomfortable breaking the ice in terms of talking money.

Thanks,Ron.The IRR is simply the discount rate at which the net present value of all future cash flows from an investment = 0; or the discount rate at which the net present value of all future cash flow equals the initial investment or breaks even.Typically if you happen to have alternate investment projects the IRR could be used to compare which project to undertake.Correction though...the IRR is not always single.

However, for my calculations I look to see if the annual cash flow less 15 year mortgage payments break even as an initial test (as I am not looking for income right now).  

This way if cycles move you have 10 year locked and breakeven occupancy is low so you can wait It out.The next 2 years are going to be record breaking for transacting in the marketplace.

It really needs to be at 90% LTV for the owner to be able to sell and at least break even.