Ah, deferred maintenance is a wicked thing when it comes back to bite you.

Up til this year, I've always poured the cash into buying more properties, with the intent of kissing and making up with the houses (re: deferred maintenance) when done buying.

Especially your experience with building a team (property management and maintenance) in a market far from you.

With 8% vacancy and 8% maintenance you have cash flow of around $157/mo.

•All minor maintenance is delegated to the tenant/buyer, decreasing operating costs.

This is his calculation:Estimated Gross Income : $206,268Estimated Total Expense : $107,515Estimated Property Taxes: $ 16,536Estimated Insurance : $ 8,004Estimated Total Expense : $132,055Net Annual Operating Income: $74,213Purchase Price : $320,000Plus Estimated Rehab Cost : $100,000Total Cost : $420,000ROI : $74,212 / $420,000 = 17.66%Now I don't know how much was added for management, maintenance, vacancy and other operating costi) What would you do from here?

Waiting on maintenance guy to replace 4 inches of rotten wood at bottom of exterior window.14.

Price - 18500Total Taxes annual- 1852Insurance annual - 525 Renter pays electric, water and gas Deal 2 I am in talks to buy a 5 family home owner financed for 61k.

She seems a high-maintenance type and might be picky.

So I will assume $80K is doable.If you can live on $25K gross income, that means you are extremely frugal/resourceful.. and that your costs at at most $25k (unless you are living beyond your means).So Now you are $80K income, say taxed at 30 = $54K net - $25K = $25K of annual savings.