I have someone willing to lend me the closing and down deposit repayment terms 5 years.now when i run my numbers the property cash flows $544 monthly that 544 would go to the person lending me the money meaning first 5 years i would have 0 cashflow. is this a smart move or dangerous. i see it as since everything is fairly new and my current property manager manages this property as well i would add another duplex to my portfolio with 0 cost to me more details about the property below One furnace new in 2014Newer water heatersNew Roof 2015New Electrical service 2015Exterior painted 2015All New windows 2014New Kitchens 2014

Here are details:Purchase Price: $92,000 (appraised $95,000)Built: 1910Insurance + Mortgage = $507Management = $95 (10%)-The House will come with new kitchen, hvac, plumbing, new fridge-The house will not have washer/dryer however.

You could measure your kitchen floor to get an idea of floor square footage, then go to a big box store to price materials to install.  

This is not for bathroom and kitchen only.

In the past, in our permanent residence where we live today, we have purchased a new HVAC for $4000.00, new roof for $12,000, kitchen remodel, etc, and have never sent anyone a 1099.When, and at what point, do you need to send out 1099's?

The kitchen will be completely redone and there will be new appliances but I'm not sure if we should supply a fridge or not.

The kitchen and bathroom cabinets look as bad as the walls do and the stove is missing both of the racks and the bottom drawer.

Strikes me as a little odd that they would call out the appliance and not just say 'north kitchen outlets' for instance like the breaker above.

Hello Devonne, I am a full time real estate agent that is familiar with real estate investing.

Both units are quite nice on the inside, kitchens could use some upgrading.