What if you only have one electric or water bill or something?

You can also check with the electric company in advance to see if the power has been switched out of that address.

I used to work for electrical contractors, and also remodeled some houses with a general contractor but wasn't in tune with the charge to the homeowner.

Other issues include - plumbing piping and electrical wires can melt, there can be structural damage, water damage from putting the fire out, etc.

Anyone use electric?

Will update as we make progress. waiting for electric and plumbing inspection from the city before we can close up the walls.

It needs a new furnace, updating of the electric (not the service, just wiring and outlets).

I just calculated as:[annual rents - fixed costs (taxes) - variable costs (avgs provided by seller for water, gas and electric]/(negotiated price + my fee)I dont believe im missing anything in calculating the cap rate?

I will be sure to get that in next week, Here is the info from the HUD-1: HOA Partial May 100.39 Title Insurance 252.00 Escrow Fee 150.00 Messenger Fee 20.00 Texas GARF Fee 1.80 eRecording Fee 3.00 Govt Recording Fee 24.00 Two Months Advance HOA 380 HOA Transfer Fee 165.00 HOA Electricity Deposit 100.00 This is nearly 10% of the purchase price of $12,000

These same programs are where the electric company would post any refunds they processed that didn't get delivered to the client, perhaps because they moved, etc.