The callers know that they want to be in that area, and they have an idea of the schools and the market there in general (crime, parking, utility bills, taxes, etc).

Just make sure you don't pay for more than for what was actually done, materials and labor and hold out as much as you can to be paid upon completion.Find out what jobs they did and ask about them.

Maintenance and utility expenses (Electric, Water, Landscaping, etc)5.

there's a lot better opportunities to utilize that cash in this economy

The building is 24000 feet with lots of hallwys and public areas, and typical 1 bedroom is around 750 sq. ft.Note: this would be a cash purchase with no debt.Calculated the NOI of $31k as follows: Gross Revenue: $101,000Taxes, Insurance, Utilities: $27252 (verified) All told, the Gross Revenue is $101,000 per year.

All utilities will be in the 1 person's name .

Those guys like time and materials =getting paid prompt or on completion.

He might make it simpler - utilities included for sure.

Tenant paid utilities are one of the biggest factors when assessing properties.

Cost of goods will increase to new highs - look at gas, food, utility rates already.