Snow removal and grass cutting will be offered to them as a extra and will not be included within the rent.Exit Strategy Land in the area is going for around 38$ a square foot (kind of high but it's a suburban area with close access to a major city).The way I see it I can't go wrong, I could always sell the land for basically what I would have paid for it.This would be my first property.

This can happen easily on a door where snow and rain are up against the house and basically pushed not it.

I love Orwell because of the people that live here, not so much because of the snow like everyone else!

I'm currently watching it snow here in Wyoming and thinking, "I want warmer weather".I've been in telecommunications for the past 40 years and was employed in this area for 8 years.

My CapEx is indeed on the conservative side and I haven't gone through the home inspection but I think $100 would actually be re-allocated to Lawn/Snow and set it at $200.The reason I am jumping on this particular deal is because I could be getting the house at the appraised value minus 6% (because we aren't paying realtor commissions if he sells to me).

I think maybe in the down season they are washing road and snow and salt slime off of their cars ??? 

Snow removal is more of a pain, because it doesn't happen on a regular basis.

About 3 months out of the year we can have snow fall.

PurchasePrice                                $120,000 Down payment            $30,000 (25%)Closing costs                  $6,000 (5% estimated)Mortgage escrow            $3,618 (6 months of payments)Operating account          $3,960 (15% of gross rent) TOTAL initial investment $43,578ExpensesTaxes             $957Insurance       $800Management  $2,640 (10%)Utilities           $900 (sewer and common area)12% misc       $3,168 (covers repairs, lawn, snow, etc)TOTAL           $8,465Mortgage$90,000 balance at 5.25%. 20 year amortization. 5 year balloon. $7,236 ($603 per month).

Tim, I get more economy of scale on my fourplex (think one roof, one lawn, one trip to check on it, shovel snow, even one mortgage!