I'm gonna give you some numbers of what I'm expecting from my market:$80k for a 1 bedroom apartment (I'll try to get it for at least $68k)$15k downpayment $5k on renovations $300/400 mortgage $60/100 taxes$30/50 insurance $75/150 HOA$30/50 water--------------Around $700 of total monthly costs Rent should be around $1200Let's say I'm gonna cashflow something between $300 and $500.Let me know what you guys think, if I forgot to consider something or if my numbers are off.Thank you so much!

So maybe I need to get hosed off and cool down a bit before I pick my next guy.

The well is in good shape and up to code and the current guy that is doing the water testing said that he can’t see it going dry but it did then i woule have to connect to the public water system.

After speaking with the seller, who is an 72 year old real estate investor looking to move on to the next chapter of his life, he give me some information about the property: rent roll is $103,000 annually, occupancy is 100% and currently there is a wait list, there is no property management company (he manages the property himself), cap ex, insurance, and taxes are roughly $21,000. the 20 unit complex is split among three building where two building have roofs that are eight years old and one building's roof is 18 but "in perfect condition", each tenant is responsible for their own water, sewer, electricity leaving the seller only responsible for taxes, insurance and upkeep. 

The property owner shall provide evidence that adequate parkland, fire service, sewer, streets, and water are available for the accessory dwelling unit based on standards and thresholds established in the following:a. 30% of Park Land Dedications and In-Lieu Fees as computed per Chapter 18.64 of Title 18 of the Buena Park City Code.b.

Is this a roof leak or domestic water leak?

I just closed on a house that did not have  the power connected nor the water.

Close to intown I see crazy prices that are not sustainable, lot's of old houses falling apart with lipstick on them and over valued, high property taxes, aging county and city water and sewer systems (some 100 years old), etc.It's just not my cup of tea but other people love it.

Building a whole subdivision or a large multi-family would be a different issue when it comes to water.

I thought that’s cool, I should start meeting some people in the business.