I recommend you become a student of that homepath website and try to document their behavior, like you are Jane Goodall watching some gorillas.In my area, they drop the price about 7.5% every 30 days the house is on the market for the most part, almost like clockwork.

I come up with the following expenses:Mortgage Rate 4.75%Length of Mortgage in years 30Monthly Mortgage payment $129.11Taxes $47.33Sewer and Water $-Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $54.92Mgmt Fee $40.00Vacancy $30.00Total Expenses $451.36

I have just one townhouse that's rented out, and my fear is that while I'm on vacation, something like the water heater will give out, or a pipe bursts.

I had one of my renters call me and say that they had a water pipe to burst but that they had cut the water off.

While heat-pumps do become less efficient as the temperature lowers, until it's performance drops below a COPS of ~2, it will be more cost effective {on a BTU or Therm basis) than most high-efficiency oil or gas furnaces.

If you are interested in connecting with our licensee in SA, drop me a note and I'll send you his contact info.

Owner pays water/sewer ($50 mo).The owners are willing to entertain subject to (Sub2) financing.

The garage is fully finished and has tile, finished walls and gas/water hookups.

You may find that everyone in your area pays their own water, but the seller offered "utilities included".

There's no HOA and currently, the tenants are paying for their own utilities (Water, Sewer, Trash, Electric), which may be why the rents are on the low side for the area.