I assumed 5k in repairs rolled into the loan as well.Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $60.12 Taxes $76.00 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $150.00 Insurance $75.00 Mgmt Fee $62.50 Vacancy $50.00 Total Expenses $473.62 Total Revenue $625.00Cashflow/month $151.38Cash on Cash Return 21.89%

The heated square footage is 3384sqft and includes 6 bedrooms, 4.5 bathrooms, and 8 separate fireplaces!

"Maintain in good and safe working order and promptly repair all electrical, plumbing, sanitary, heating, ventilating, air conditioning, and other facilities and appliances supplied or required to be supplied by the landlord provided that notification of needed repairs is made to the landlord in writing by the tenant..."

Besides having to renovate and get all new tenants, I did a bunch of work with a new heating system (all new individual units) so the tenants now pay their own heating bills.

Relisten to your favorites, taking notes on the elements you will implement.

We continue to exchange words and things were getting heated, so I decided it's probably best to start heading to the car.Lol, anyway, 4 hours later I get a call from the local PD that I am being issued a verbal warning to not come back to the property.

My problem, the other tenant is an attorney and threw out the following:As pursuant to the agreement on page 1 of 6, # 17, Maintenance:“Tenant shall professionally maintain the Premises including heat, air conditioning, electrical, plumbing, and water systems, if any, and keep glass, windows, and doors in operable and safe condition….”

Heat is forced air.  

@Tim Chasteen Things I would look for are overall market trends:+Positive population growth +Strong economics(jobs) +Employment diversity +Government support for local companies through tax incentives + Strong government representative +Crime rates Things like that to get the big picture elements.

I do see you may want to do central air & heat...