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.

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

. $60,000 Purchase price$155,000 rehab$ 3,575 / month gross rental after rehab on apartment building (not including the 4,400 sq ft building) expenses; vacancy = 5%; Repairs = 5%; electric for common areas =$50 ; Water/ Sewage = $100 ; Garbage = $89 ; insurance = $200 ; management 8% =$ 286; Property tax = $250 ; misc = $125P& I =$1,667 Monthly cash flow on apartments = $345 plus I have use "free" use of the 4,400 sq ft building (which is my main goal in the deal

You're not going to find any sort of a 'buy a duplex and have the rent of one half pay the enitre mortgage'.For example, when we moved to East Sac, we bought a fixer upper high water bungalow, and completed the basement conversion into an apartment.

This is purely curiosity and have no desire to wholesale a property but this just doesn't make sense to me.