I don't see how every other aspect is perfect, Also if i do get rejected what other options do i have house is 45k i am putting down 12k loan will be for around 33k.

I don't want to just manage I want to be involved in all aspects buying, rehabbing renting/selling, and managing.

I'm not really worried about the risk assessment unless it relates to the taxation aspects.

There were two aspects here, one is that due to a divorce the seller was very motivated to almost walk away, the other was knowing several players.The seller had the opinion that he would have had a realestate commission and it would have taken longer, so it's a win-win-win.

Cash flow is one aspect of rental benefit.

I'll be calling the utility company to get the past bills, and assuming these costs are consistent with past winters (taking into account the extremely cold weather), I'll let her know that I can't do anything about the situation.We've pushed back on many of her unreasonable requests, so I don't think she's trying to "push me"...I just think she's used to living in an apartment, and there are some aspects of SFHs that she's not accustomed to.Anyway, I've given her the option of getting out of her lease early if she really can't afford the utility bills, which wouldn't bother me either way...

Being consistent in your methods is more important than almost any other aspect of accounting, if you don't stay with the same system you'll have a mess.

. :)Now if it has extra developable land or is close to a corner for commercial development you could extract a very good return out of it changing it's use or parceling out the extra land to different buyers.On the income aspect alone it's a loser.It sounds like the improvements they have done to the property they are trying to get paid for with an inflated price.I saw another 40 unit the other day.An out of the country buyer bought it and rehabbed it and is trying to sell for 3 million.The property is only 40% occupied and the rents are too high.When I see brokers talk investors into this sort of thing it makes me scream........

The real estate commssion is based on the sale of the property within the contract period, meaning the transfer of the deed at settlement.If this does not occur, there is no sale and thus no commission due.There is also the aspect of the Realtor (and Broker) being the procurring cause of the sale.

And I stayed in the game for many years.With RE, I am starting out concentrating on one aspect.