There may even be a good chance that there is public water in the street, they just never tapped into it.

The problem with sharing things like this over the internet is that sooner or later, probably sooner, word will get out to the street the tricks you're using...SHHHHH..!!!

-Minutes drive from Shockoe Bottom, Canal Walk, and MCV -Numerous art galleries and antique shops About the Property -3 bedroom / 1.5 bathrooms single-family house -Carpeted bedrooms -Washer/dryer -Off street parking -Security system -Large planted backyard to relax with friends -Enormous walk-in closet, private upstairs porch -TV, internet, water included -Lease information -Renewable quarterly (every three months) -Available on 10/21 Minimum Qualifications -Gross income must be 3 times the monthly rent (You must make $1500/month before taxes) -Clean background and eviction record -Favorable credit score -Good rental references from previous landlords About me -Ian, 23 years old, young professional in finance -Alma Mater: Virginia Tech -Moderate cleanliness (I clean and keep things clean) -Interests: Ornithology, competitive checkers, avid bar hopper Sorry, no pets allowed.

Yep theory doesn't stack up to street smarts and real world knowledge of doing deals.

Plus right down the street there building brand new at 160k.

If it's really old you could have a galvanized water main going to the street as well as a host of other issues.I think 15,000 a door is about right for the size of the units and fixing the outside as well given that there are no more other large surprises that could run the total cost up.Take 42 units at 15k a unit rehab = 630,000If landlord is to pay water you use 60% for total operating costs averaged over time.

This does not sound like you are speaking to someone from US Bank but rather a street broker promising to get you some REO.

I believe I now live on an island, the lake over flowed and streets are covered all around me, but I'll throw it in 4x4and go!

I'm sure this guy you were talking to would tell you that the treasury would be out of business and the banks who made the loans would go away and the lawless rioters in the streets would steal your houses from you

We are not fans of any streets in the 7000 blocks (we do have some there though)east of King Drive because the areas are rougher (sure crime maps will show that) and less quality tenants to choose from.