I have a rental property about to go on the market and we have propane tanks and not sure how to structure the payment of this.  We will be providing the new tenant with full tanks because we are changing providers so...

He gave me a rough number. it does not include insurance and interest, so I plugged the insurance in the "other cost" excluding maintenance fees and vacancy.Estimated mortgage payments on 7/1 arm with 3 year prepay$2,182.00 excluding principle and Interest built into the loanMay need a personal loan of 30kRent a year$50,400.00 Monthly$4,200.00 A list of all Annual Expenses estimated run downWater/sewer/trash$2,200.00 Gas Heat$1,440.00 Common area Electric Annual$60.00 Insurance$2,920.00 City License 75.00 unit= 525 years$525.00 Management fee at 10%$6,000.00 County Tax$4,028.00 vacancyMaintenance feesThe other cost breakdownwater/sewer/trash bill$2,200.00 Gas Heat$1,440.00 Common area electric$60.00 City License$525.00 Total$4,225.00 not including maintenance fees

In the winter you will have to either heat it or winterize it which is going to cost you.Are you able to develop any of those 15ac to salvage the deal?

Features include a large living area with a heated and cooled attached sunroom.

From Zillow:Features include a large living area with a heated and cooled attached sunroom.

And there's usually enough heat from the other units to keep the pipes from freezing if one tenant shuts off the utilities.Lots of luck getting the tenant to pay any future judgement you get against her in small claims court. 

I don't live in Minnesnowta anymore, but putting in new windows and heating are a great upgrade.

Yes you don't eat a mortgage, but you will have costs such as keeping the heat on in the dead of winter to prevent pipes from freezing, insurance, etc. you want to be conservative with the numbers to give you worst case scenario. how are you looking with capital expenditures?

Excellent location on a park in a downtown.Asking price - $390KCurrent Rents: $3675/month (could easily be brought up to $4875 with almost no investment) Expenses Monthly Taxes $ 663.25 Insurance $ 208.33 Water $ 291.67 Heat $ - Electric $ - Plowing/lawn $ - Trash $ 100.00 Prop Management (10%) $ 487.50 Repairs (5%) $ 243.75 Vacancy (5%) $ 243.75 CapEx (10%) $ 487.50  TOTAL $2,725.75 I'm optimistic that I can get the property for $300K.

We will be upgrading the heating to separately metered natural gas furnaces.