Finally, make sure that your utilities are split on multi-families.

This individual has rehabbed over 20 houses in the past 2 years along with extensive experience in BPOs.

You will have a bit higher costs with the 2 properties vs. 1, but this seems like a no brainer to me.Assuming you do get the appreciation in one and none in the other two, you're looking at about $1350 in appreciation each year that can only be utilized if you refinance (spend money for a new loan) or sell.

Typically your rent should cover everything like PITI, repair and maintenance, etc and your tenant pays for utilities.

This individual has rehabbed over 20 houses in the past 2 years along with extensive experience in BPOs.

I had to do extensive crack repairs throughout the last house I remodeled (walls and ceilings), and the quick setting mud made it a lot easier and quicker.

The utilities / street's are done / plans are included for 8 additional units on the vacant lots.The seller's bottom line is $1.25 m for property with 0 help to closing costs.

Month-month leaseEach unit is individually metered and tenant pays utilities except for the following:Electricity for section 8 tenant only (2,100/yr)Water + Sewage for entire house (1900/yr)Property Taxes: 7,808Insurance: 1,500 per yearSummary: (annual basis)Rental Income: $37,260Operating Expenses: $13,308 (35.7%)NOI: $23,952Mortgage 30 yr @ 5%: $10,307Net Income: $13,645 $4548/UnitThe following expenses were receieved from the owner.

.$1300 in Rent against the following expenses on your original numbers:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $643.78Taxes $150.00Sewer and Water $-Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00 (this is a bit higher than your number, but not major in terms of the entire deal, and yes, it is a realistic number)Insurance $100.00Mgmt Fee $-Vacancy $104.00Total Expenses $1,147.78

I own and rent out a SFR that brings in brings in $300 after utilities and mortgage/taxes/insurance.