Have you included a vacancy rate into what you will Net over the year?

@Christopher Stanis Hello Christopher you are very right that you said getting a Investor friendly realtor is great opportunity If you are interested in investing in nyc and Long Island area you we can work together We are very invester friendly and we know how to create deals w/h are great for investors Currently we have a d/t properties including REO foreclosures with an amezing asking price If you are interested let me know before it sold out Marta,

My partner and I will be doing a 50/50 split of everything and including some options to get out as @Anthony Susco  mentioned.

i work in the greater New York area were my interest are Listing Properties as well as Investing and everything else between including Networking.

This is one that intrigued me, though I totally agree there are some red flags.  

My hobbies include yelling at the TV while watching sports and popping bubble wrap.

Even at an appraisal of $300k*, you would only qualify for $210k total, which is less than you have into it (including current borrowings).

This is including MEP work being completed, but no upgraded finishes at all. 

(www.realestateexpress.com) I'm in Southern California also (Pasadena) so my road to licensure includes three 45hr college level pre-license online classes (California Real Estate Principles, California Real Estate Practice, and California Real Estate Finance).

One of the pieces of work included was a complete rewiring of the house to remove the active knob & tube system.