My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price:  $179,900Down Payment:  $44,975  (25% down, assuming I buy at list price)Repair Estimate:  $5,000Closing Costs:  $2,500TOTAL CASH IN:  $52,475Loan Amount:  $134,925Loan Terms:  5.25% fixed rate, 30-year mortgageMonthly P&I:  $745Monthly Rents:  $2,000 ($1,000 per side)Vacancy Loss:  $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME:  $1,900 ($2,000 - $100 in vacancy)Taxes:  $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance:  $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash:  $80/month (this is typically paid by the landlord in my area)Sewer:  $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance:  $75/month (my property management company offers this service)Maintenance:  $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management:  $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).

Any advice would very much appreciate, I need to make a decision fairly soon.

My parents own a few rentals and because of this the idea of buying and renting properties is fairly natural and I’ve had my part in turning a house over between tenants, giving tours, and talking to prospective tenants on the phone.My goal, is to get my feet wet by buying and remodeling a property here in El Dorado.

In your shoes to be fair to all I would not agree to it and request that every one gets their share immediately or I would not accept the gift.

Hey everybody, I'm fairly new to BP and am interested in eventually starting my first flip and sell in the Baltimore area.

My partner and I looked at a property on a fairly major street in Woodland Hills, CA over the weekend.  

I was parked in front of this really beaten up house (no shutters, poorly maintained lawn) when a car pulled up behind me. 

- refer to the original depreciation schedule but "pause it" so that I pick up depreciaiton as if no years had passed in between rental use (this doesn't sound correct, but it's an opinion I've come across in my research)- start fresh and ignore the previous depreciation schedule, picking the lesser of an adjusted basis (original home purchase value minus land value + improvements) or fair market value minus land valueI have spent several hours looking at IRS publications and searching forums with mixed or no advice.

If you do, welcome to a fair housing complaint. 

I'm fairly new to BP, based in Oregon.