Probably used him 3-4 times, and this was a referral. 1 closing we had, he didn't catch the tax rate was too low, and we had to pay the city out of pocket.

Those yearly expenses seem low.

Hello,I wanted to run a current investment I'm considering by the seasoned investors here on BP, and get some feedback.Location:My partner and I just looked at a townhome right outside the Loop yesterday.

I am using the following numbers:Vacancies - low in my area so I'm using 8%Repairs  - 5% of rental incomeCapital Expenditures - 5% of rental income + 1% for every decade over 20 yrs property age (i.e. 7% for a 40 year old house)Management - 12%  (expecting 10% + 1 mo per new tenant)So this adds up to at least 30% of my income.  

Some may claim very low rates, etc but when the time comes they don't fund the deal.

However, because it's a competitive, animal-related, "fun" job, the pay is pretty low.  

- Aids in title seasoning since my LLC (soon to be buyers LLC) has owned and held title to the properties for a year.

I was concerned about the potential electric bill because winters in Wisconsin can be pretty brutal.In reality I kept the temperature at a comfortable level and never had an electric bill that went higher than $90 to low $100s.i loved it.

Crime rates are very low, but the properties in the immediate vicinity are blighted.

Cash buyers generally push prices down as low as possible with the promise of closing quickly.