It sounds as if the interior walls are unfinished and I was wondering if there are any existing electrical receptacles on the interior walls?

When you get the call that the electrical system shorted out all the appliances in the house, stressing out is the worst thing you can do.

Here are the numbers:Purchase price $85,000 (I put 25% down)Monthly payment including taxes and insurance is $585/monthTotal rent for both sides is $1,550/monthProperty Management charges 7% ($108.50/month)Tenants pay all utilizes (including water, garbage, electricity, ect..)If I use the 50% rule, as Bigger Pockets and others who are experienced in rentals over the long term use.

The kitchen would be a gut but all the electrical is in place so that saves time and money.

The space rent is $575 which includes water and electricity.

I have another question.How does a landlord handle cable/internet, water, electricity and gas...divide the average cost while I lived in the house by 365 and then add that into my factor for establishing my rental rate?

We ended up replacing all the plumbing, electrical & windows.

Title sounds great but the delivery is flat.I'm an student at Automobile University and I will also recommend Dolf De Roos' "Wealth Magnet" which has a strong Real Estate bent.Stay up, Winner.

Did you have a bunch of kids doing plumbing and electrical?

When you have a network of mentors and experienced advisers to double check investment decisions then your fear can be pushed to the side.It is strange though that the American public has very little fear of maxing out their credit cards on flat screen plasma TVs and buying gas guzzling automobiles but has such fear of real estate.