Just give me the rent per unit and unit mix that make up total units and what utilities the landlord pays.

I see this place costing you about $750 + utilities at this price.I assumed:5% downfull askingself managedtenant pays all of their utilitiesExpenses as I see them:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $1,121.45Taxes $373.17Sewer and Water $-Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $125.00Mgmt Fee $-Vacancy $88.00Total Expenses $1,857.61 + your sides utilities

Obviously I am going to look at it and check out all appliances, roof, separate utilities and all that.

I assume you're taking into consideration everything for the homes: taxes, insurance, vacancy, repair reserves, expenses (CPA, utilities, permits/fees), property management, etc.The way I have been able to purchase my investments in such a short span, is to purchase investments which need significant improvements, complete the improvements myself (I'm a contractor as my day job), rent the unit and then refinance to pull cash out.In addition to doing that, I went to friends and asked to borrow money.

A good GC should also be almost cost neutral but provide the benefits of extensive project management experience.If you feel your project management skills are able to handle project, I would say go for it.

I have been trying extensively here in my area but not luck.

The owner should list their house and ask for an extension of time from their mortgagee since they have equity, this would be in the best interest of the mortgagee and borrower.

In fact, that is how you get enemies and have me ensure that everyone from Code Enforcement, building departments, utilities, etc that have built relationships with, knows this is how this person acts.

I always assume 6 months of holding costs (taxes, insurance, utilities, interest).

If a full tear down doesn't work because of county/city codes or something you can demo all except the utility wall.