And that assumes you're cleaning up the landscape - er, concrete - and all utilities are billed back to tenants, there's no pest control, and no trash expense. 

The small building next door produces 1k a month.

All utilities would be paid for by each unit's tenants.  

Sounds like a lot of potential there...hopefully there areno other issues with any other bills or utilities!

We would pay for utilities and amenities (TV/internet) and maintenance costs, such as yard maintenance.

Also I don see any utility companies, cell phones etc on the credit report.

Looking to buy cash flowing property in Orlando from a high-producing agent with property management connections.

@Jordon Nichols Once an agent has spent a week or two showing properties to a “buyer” only to find out they Can’t get a loan, they look at it differently.And yes, Real investors Do know to show a preapproval, or a cash POF......SOP when dealing with a Professional agent, as they’re going to have to produce one to go along with an offer anyway.It is indeed somewhat of a judgment call though.

You want to make sure that all utilities are seperate and paid by the tenants, otherwise that will eat into your cash flow. 

This land has already been levels, utilities have been installed, as well as plumbing.