It is going to need a complete overhaul on the inside due to water damage from a recent flood.  

You pay your debts, you are not negligent, you keep the property in good condition, you have good lease agreements, give an equitable consideration to a tenant to hold you harmless and indemnify you, so that agreement holds water.

I want to live in one unit and rent two other.Asking - 249000All three units are rented.Monthly - 2200 ( for Two units, since I am going to live in the third unit)Taxes: $7,663> Insurance: $3,495> Oil: $2,600> Management fee at 6.5%: $2340> Sewer and Garbage: $1100> Lawn and Snow: $900> Water: $840> Cleaning: $400> Electric: $240> Rent License: $115> Vacancy: 2640> Total: $ 22333.00> Net Income is therefore 26400 - $22333 = $4067Am i missing anything?

Hello everyone,We looked at a property that needs some repairs (new water heater, washer/dryer, dishwasher, paint, flooring, kitchen counter-tops, cabinets).

I do have comps of  the area and own a house 2 houses down from this property, so I know what the property is worth, but most properties aren't water font in the area nor are they this large so it's a little different. 

At 100 doors that is about 46 a month for water and sewer.

@Joshua Nudell isn't right about the expensive lesson yet, but he could be at any water leak now.

I had a similar situation with a tenant trying to take a water cooler ( Big one on outside of house) Said she paid $500.00 for it.

Attending meetings generates lots of noise that needs to be filtered.  

The workshop/garage has gas, electric, water & sewer running to it all metered as part of my home (Not separate).