So if you like fishing and the snow, come on up!

)  $150/month/unit  = $450/month*Management Fees (@ 8% of Rental Income)  = $2900 *.08 = $232/month*Vacancy @ 5% of Rental Income                                             = $145/month*Normal Maintenance @ 7.5%                                                  = $217/month*Snow Removal (in R.I

The job description would includeAll "non-license" based maintenance work which includes, changing bulbs, paint, cleaning, toilet clogs etc.Landscape maintenance (May be snow removal, not sure yet)On site human security camera (just look out for any unusual stuff and report).What am I missing?

---Well, the recurring theme from BP seems to be "participate," So I did.I started in real estate when I was perhaps 10 helping my parents out with weeding, snow-shoveling, and even some eviction cleanups. 

Programs pay utilities/interior repair/landscaping/snow removal.  

@Rick Snow thank you for responding. multi family is my primary residence with a tenant in the 2nd apartment.

Does Cicero township do regular inspectionsRenting little storefrontsDo you clear snow for tenants? 

Expenses: Electricity: (Tenant will pay)Gas: (Tenant will payWater and Sewer: (Not sure what the laws are for Albany but will be billed to the tenant if possible)Garbage: $180 per unit / 12 months = $15 x 3 units = $45 per monthHazard Insurance: $41.67 Mortgage Insurance: $64.66Property Taxes up to $5,000 annually: $416.67Property Management (Will be managed myself but will still account for it): $150Maintenance and Repairs (5% of monthly income) : $150Lawn/Snow Removal (Without property management): $50Total Expenses: $918.00Operating Expense Percentage = 36.7%Other Expenses:Principal and Interest: $433.81Capex: $300Total Other Expenses: $733.81Note: I ran the numbers like the house was a 3 unit but it is a 4 unit.

And also with multifamily the owner is responsible for water and sometimes heat or gas and snow removal.If you have one or the other it can be a wash.

Total Current Monthly Rent $2,400Purchase Price: $140,000Down Pmt: $28,000 (20%)Closing/Holding Costs: $3,000Morgage Pmt: $550 (4%, 30 yrs)Taxes/Insurance: $625Prop Mgmt: $240 (10%)Repairs/Maintenance: $240 (10%)Vacancy: $240 (10%)CapEx: $168 (7%)Water/Sewer: $83Lawn/Snow: $42 ($500/yr)Electric is subdivided. $0Oil possibly one heater.