Hello BP,I am a new investor looking to buy a portfolio of 3 condo units in the same building in center city.

I prefer someone who is knowledgeable about mandatory state/city/county clauses and has a lot of experience with evictions.Currently I have two properties in Victorville and Hesperia with month to month tenants that I inherited.

The location has low crime rate, poor schools, city with plenty of amenities, etc. 

I've bought two plots of land in West Texas, one as a tax resale and another as a bid at the city hall.

Lot rents $210 includes city, water, sewer and trash.

Details in MLSUnits: 6Taxes: $5874 (annual)Gross Income: $48,600 ($675 per month)Net Operating Income $38,838Total Expenses: $9762Vacancy Rate: 5%Asking Price: $449KOwner pays Trash & Water______________________________________________________________Based on the expenses I am assuming that the property management is completed by the owner and that they are including ~$4K a year in insurance.I ran the numbers in my own Deal Analyzer and I added:5% of Effective Gross Income as Maintenance Expense 10% of Effective Gross Income as Property Management ExpenseBumped the vacancy rate from 5% to 10%Insurance: $3000 (annual $500 per door)Water: $3240 ($45 per door - typical in city)Trash: $1,800 ($25 per door - complete guess)$12K for improvements ($2k per door)20 year note @ 5% with 20% down (assuming full asking price)2% Closing costs______________________________________________________________My numbers show a Cap Rate of 5.7%, cash on cash return of -5.12% and -$1,668 of annual cash flow. 

Looking for a reliable and personable handyman in the Oklahoma City area!

I have a few properties here in Kansas City and I can help you.

I have kind of assumed the city is broken in the four corners. 

On the eastern parts of the South Shore, I'd budget $25,000.