Here is how I see the deal.Asking Price- 600,000# of units- 13 Gross Operating Income- 71,820less Taxes- 3087 Insurance- 2310Repairs- 6875 (added 25% to estimated price, )Utilities(common area)- 400Misc(pest, snow,landscaping)-2300Net Operating Income 56,848lessMortgage Payments 46,800Cash Flow 10,048Now I will not be offering $600,000 but really wanted to check with some of you experts to make sure I'm not forgetting anything.

Her edge for me to consider her over others is that she can offer higher and stable rent, but I need to verify if her higher rent is including utilities ASAP; she asked me to increase my asking rent to what she’s allowed from section 8 if I can provide her a cooking stove, and to install central air which I’m considering anyway.And what should I tell my other turned down qualifying applicant without any discriminating element that I might not be aware of if they ask for the specific reason after I’d told them that I’d already chosen a financially better qualifying tenant over them?

He says, on average, his expenses over the years have looked like this:Buying costs are generally 1.5% of the selling price Holding costs (utilities, taxes, etc) are usually 1.5% of the selling priceSelling costs are generally 6.5% of the eventual selling price, after repairsHe projects the months required for rehab work (holding time) with the following formula: Rehab cost per square foot, divided by 10 + 2.5 months to market & sell Do you guys think these numbers are accurate?

I'm a bit green to the wholesaling process but I've been studying material and coming here for advice so hopefully things will take off.

Mike,Roop has quality materials and is one of the good guys out there.

In addition to what Ned mentioned, you will also have advertising, entity maintenance, legal fees, evictions, court costs, periods of high vacancy, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), etc, etc, etc.

You can buy books, of course, but the DVDs and CDs included in bootcamp materials make you mobile (you can upload to your iPod) so you can listen while you work.Almost every successful investor I've ever met owes his success to mentors he met through bootcamps.

A common rule of thumb is that all expenses, including taxes, insurance, utilities (at least when its vacant) vacancy, advertising, tenant screening, maintenance, property management, tenant damage, legal fees, etc., all add up to about 50% of the rent.

Fully furnished and utilities included.

Of course Trada Properties pulled out I believe March of this year as POA managers and building managers without enough info for the next managers to deal with(along with alot of tenants unhappy with the promised amenities that never materialized).