It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

I have a gas hot water heater that is indoors in a closet that is about 7yrs old.

And honestly i know a new furnace and hot water heater were installed approx. 5 years ago. the roof is in fair condition and im not sure about the foundation.

Assuming you select "specific performance" rather than "liquidated damages" in the remedy for a failed contract, you can sue the seller if they sell to someone else.

I would just revise the HUD and you might want to send some pics of the damage.

- Energy Star appliances- Dimmable lighting / Eco bulbs- Cork / Bamboo flooring- Low-E windows- Energy Star water heater- High-Eff furnace- Convert fireplaces to gas- Convert oil utilities to gas- Add/upgrade Insulation- Set-up recycling bins.. just to name a few.

Price: 75000 at 6.3%DWN PMT: 18000repairs: 30000per monthrental: 2400.00 Insurance: 100.00 Tax: 283.33 Maintenance: 240.00 (10% of rental income)water/sewage: 90.00 vacancy: 133.00

During rehab of a house I have in Mobile, Alabama we discovered a water leak under the house.

But from my neighbors perspective (from my observations) it is like chinese water torture and he is just waiting for the next drop to come.

Here are the details:Property type: DuplexPurchase price: $35,00030% down payment: $11,000 (rounding up for simplicity)Loan Amount: $24,000Debt service: $160/monthMonthly rental income per unit: $500 (minimum rental in that area)15% maintenance15% Vacancy (already have both units rented)Monthly Water/Trash: $50/monthTaxes: $142/monthInsurance: $50/monthUsing a real estate investment spreadsheet the numbers do not look bad but I would like to get some opinions on what I have missed.