Obviously, you didn't list all the expenses that you will incur, but the amount of money you allocated for expenses (in which you included the mortgage payment), seems to be adequate (other than the utilities issue).Here's how I would evaluate this deal:Gross rents: $5,400Operating Expenses: $2,700NOI: $2,700Mortgage ($150,000, 30 yr, 7%): $998Cash Flow: $1,702 per month or $130.92 per unit per month (very good)Again, my big concern would be the utilities.

I am familiar with the idea of consideration and am not too concerned about it.

I might as well take it out in full as planned.Don't think I can switch my inher IRA to a Roth IRA without having to pay the taxes.I'm not that concerned about earning income on a tax deferred basis (IRA, 401k, etc.) would rather earn income and pay the taxes as I go. they'll be lower now then they will in 3,5, or 10 years.

I am trying to buy foreclosed mobile home w land through short sale thru owner, the bank has deed to land but insist armstrong homes has title, even though bank paid off the mortgage.

However, the first park owner I talked to told me that you have to be a dealer to buy and sell mobile homes.

I'm actually concerned the house was not winterized as I never saw any smoke coming from the vents.Anyhow, as I had mentioned, I saw the foreclosure noticed posted.

Ive got my first Rental Property up for rent this month.Ive done alot of research and just wanted to see if these numbers seem realistic to the Pros.Rentals in the area for a home similar to this one got for $1200-$1350Monthly Cash Flow StatementGSI: $1300Credit Loss: -$26GOI: $1274Operating Expenses:Taxes: $208Ins: $104Alarm: $50Repairs: $25Misc: $12.50HOA: $12.50TOE: $412NOI: $862ADS: -$754CBT: $108My main concern is the Repairs and Misc expenses.

Forget the option b/c then the seller won't take you as seriously..as far as most sellers are concerned, you're either buying the prop or you're not.

Renters are more concerned on how they can save money so things like having the home have better insulation which will save on heating bill would be more attractive.

It’s no surprise that they are concerned, I am too.