When considering a co-op you also need to take into consideration that taxes and usually your heat and other utilities may be included in those costs.

I agree that such lists are a complete waste of time and all they do is promote the wholesale chain gang crap.On the other hand, building a small buyer's list of proven buyers in the manner I suggested is a key element.

So if the rent is 400 Euro thats the net income for any investor only the PM marge should be subtracted and some maintenance reserves.Included in the utilitys of the tenants in Germany:- propertie taxes- insurance for propertie- water- heat (gas, oil)- janitor feesThe investor or his PM make an utilities statement each year for the previous year and the tenants must pay these then.

As a rehabber in this business I buy a lot of really old homes and I always spend time on the electrical and heating since those areas in my opinion can do so much towards saving lives.

Sounds like you're paying for heat.

I have no idea what the plumbing and heating could cost to have fixed, but if it can be done for less that 12k would this be a deal worth attempting?

Hi Brian,First I am not a rehabber on houses so take what I say with a grain of salt.The house itself I don't know if it's the pictures but it gives me that "bowling alley" feel and that everything is cramped.The kitchen looks very small and tight and there is a weird space next to the fridge before the door that looks like baseboard heating at the bottom.

It also takes a long time to heat up the house if it is set lower.

If Yes: Depreciate, If NO: if it a structural element or increase the life of structural elements?

My tenants pay their own heat/electric.