The property taxes are $300 a monthThe insurance is $250 a monthAll the residents pay for there own water, sewer, electricity and trash.

So much is upgraded from the original (electrical, roof, a/c condenser).

Out of my 401k which I pay 5% interest on.They want 60k because they've let the house goThey are still paying 90k in taxes tho.House built in 1960I'm doing a brand new roof, adding a second bathroom,all new plumbing, electrical, and installed New AC.Should I flip or rent?

For the area and the price right now I don't doubt him, but we"ll see.Gross income is 160KExpensesOwner pays water and sewage 12000 yr24000 taxes4500 insurance5000 common electric and gas5000 garbageAsking price 800KHe manages and does all the mtc so I'll have to come up with some numbers there for I won't be doing that.Brick and metal buildings, metal roofsOutside doesn't look too bad, will get inside on Monday.Using the "50% rule" this looks promising.

These you can get from the last year's costs or quote from the actual company you will use:taxesproperty managementinsurancehoa dueswater / sewer / electricity (if owner pays)yard maintenance (if not required in lease)Repairs and vacancy are harder to get a good number.

- What amount of rough plumbing, electrical, and HVAC needs to be done?

(I guess you put it earlier in the electric line).

Paint can be ugly, electrical can't.

Electrical ran to those specs.

I stay away from Foundation, roofing and major electrical work.