The water heater must also be stored in a seperate room from the rest of the basement then.

When someone calls me with a GREAT deal, I drop what I'm doing and go look at it NOW.

Thanks.5 Unit aparment house in Rhode Island7 Parking spaces for add. incomeAking 299,000Purcahsed for 250,000 ( 16% less than asking price ) 299,000 - 250,000 = 49,000 / 299,000 = 16( 25% Down{50,000.00})200,000 mort.30 Years7.8% fixed1439.74 monthRental Income525.00 for average unit ( This may be off for this area or not )Gross Monthly2625.00Yearly Gross31,500.00Parking Space Income175.00 month ( 7 x 25.00 = 175.00 )175.00 x 5% vacancy = 105.00Parking Space NOI 1995.00 yearlyExpensesGas ( 50.00 month, 600.00 yearly )Electric ( 100.00 month, 1200.00 yearly )Water ( 70.00 month, 900.00 yearly )Total Utilities ( 220,00 month, 2640.00 yerly ) Vacancy ( 131.00 month, 1575.00 yearly) (31,500 x 5% = 1575.00) Taxes ( 275 month, 3300.00 yearly )Insurance ( 100 month, 1200.00 yearly)Yearly Rehab ( 75 month, 900.00 yearly )Yearly Maint

In Texas, this means watering in the summer.

There is a new four car garage with EDO, the tenants use their own washer and dryers but the owner's water and electricity.

"#2: BE SEENIf you're going to drop a sign in the yard, how about buying one you can actually see and read?

I also want to thank anyone and everything that has brought this world to me..as a HS drop out, no college education, and with a past criminal record (Stupidity), I have to say that I am proud of what I do now and that IF I CAN DO IT, ANYONE CAN!!!

This is to cover common areas)Utility ExpenseElectricity Water GasSewerTotal Utility Expense = 3.1%SuppliesApartment cleaningCarpet cleaningExterminationGroundsPaintingPlumbingOther Maint/RepairsGarbage /Trash RemovalHeating and Cooling RepairsTotal Operating & Maint exp = 16.6%Real Estate TaxProperty and liability insuranceTotal Taxes = 8 .1%Net = 57.9%

. ***· 400 acre mountain lake, year around streams & springs - the ability to use the water for snow making & natural pipes is a huge advantage!!

Then plan a way to generate or buy the required leads i.e. phone duty, open houses, running adds, bandit signs, flyer drops, cold calling fsbos, handing out cards to everyone you meet ect.....Then eat, sleep and breath real estate and you should hit your goal.