In Massachusetts, I utilize Trusts and then sell off the beneficial interests.

i purchased a house for 57k 13 months ago. put around $25k in it (labor and materials) and rented it out for $1275.it was appraised 2 weeks ago at 125k.

Mehran - you mentioned using a buy and hold strategy - are you utilizing this more as a cash flow, or appreciation model?

Change the utilities out of their names?

What are the annual property taxes, who pays the utilities (water is usually handled by the HOA, but not always), and does the HOA have adequate reserves to cover major repairs like roof replacements and street resurfacing?

I did a FSBO in 2008, and I tried to utilize everything I could, including a couple of websites, that listed my information on various other websites and it was a disaster.

Also, all utilities are separately metered.

Here are the logistics of the property. 4plex3 2bed 1 bath - $4751 1bed 1 bath - $400Coin Laundry - $75Monthly Gross = $1900(one unit currently empty, two tenants long term older people)Expenses (that they gave me) Insurance = $1891 (2013)Prop Tax = $1684 (2013)Snow/Lawn= $1220 (2012/13)Garbage = $700 (2012)Utilities = $1550 (2012)Heat = $2000 (2012)Total Expenses = $9045 ($753.75/monthly)Cost $125,000.Needs new siding (not going to repaint it), and paint windows.

Financing takes to long to put into place 3) you can't cut on any utilities.

Do tenants pay utilities & are they separated?