I had discussions with a co-worker all bent out of shape that his landlord who had a duplex, takes the gas bills, and divides it by half, and have him pay his share.

Total profits last year—subtracting property taxes, management fees, insurance, and repairs—were approximately $12k (which was then divided into shares for us and relatives).The city is Grants Pass, Oregon, population 40k, with median household income around $50k (50% lower than the national average).

One turned over in less than a day, I got keys in the morning and new tenant got keys at 6pm after some cleaning and touch-up paint.

Good morning BPers!

I have found that many of my motivated sellers complete my on-line seller form late at night or early in the morning, when I am not working.2.You can target your local area.

"It is not legal to divide an existing dwelling unit into separated living spaces, thereby creating new dwelling units, without first obtaining DOB work permits,"  That would be an illegal conversion and can result in violations and other enforcement actions.

Well it’s now the last day to cancel and I emailed my notice of cancellation this morning.

I adjust this number to something I consider realistic and add anticipated capital expenditures and costs of replacing major systems divided by 15 or 20 years to arrive at an annualized expense.  

We had a previous plumber that morning.

I then divided the amount per item by the number of months of life left in them to get a CAPEX cost per month.I recently read an article by Brandon Turner on why sub-$30K houses will never make you money and he had put together a similar analysis on projected costs.Cheers,Helen