I countered at $93K, he finals at $99K and a $5K seller's credit saying any less and he's in short sale territory.It'd cost roughly $2,500 (if the numbers my agent collected are accurate) to split off the water and pin the utility to the tenants. 10% for management and another 12% for vacancy/repair reserves and I'm still looking at a 20% cash-on-cash return.You guys are pros, and I'm not.

;-)I've known Nick for many years and been impressed with him and his materials.

The Hill buildings are great because we've been utilizing the historic tax credits on our renovations.

You'll get newspapaer, radio and TV coverage, sponsors for materials, benefit and fund raising activities to work with.

You'll have more cleaning costs, you'll have to include utilities in the price, etc.

To the points from Bill and Will a couple other thoughts.It is not uncommon for the building division to force a developer to expand the road and possibly install utilities such as water and sewer.

When clients work on a tight budget, I advise them to reduce their design costs by utilizing a template.

I am trying to correctly price all the costs of material and labor on my repair estimate sheet, and I just happened to stumble across a website called homewyse.com I am pretty sure the pricing is geared towards a traditional homeowner, but I am just trying to find out whether someone has used this website before and found the pricing to be accurate.

Some utilize cost segregation depreciation to virtually guarantee passive losses even with astronomical cash flow in the early years.

Then even if it sells right away, you frequently have to sell more than once when your first buyer's financing is declined.Second, you haven't accounted for any carry costs or closing costs: transfer taxes, recording fees, attorney and/or title company costs, property taxes, empty house insurance, utilities, etc.Third, if you pay 13K interest on 67K for 4 months, that calculates out to 77% interest.