These are the only units that currently do not pay utilities, which amounts to about $250 per month per unit.

When we purchased our third home, we did not qualify for the rate as a second home and had to pay the rate as an investment.

The idea would be to sell the lots to pay down on the short term mortgage until the house got fixed entirely.

So, you PAY them EXTRA for that.

Tenants are responsible for property taxes, insurance on the building, and common area and maintenance costs under triple net lease.

------------Deal #2 Purchased in Oct 22:3/3 Duplex in Milwaukee 53204Purchase Price 145KCurrent Rent: 800/1025 (1825 total)Property Management: Smart Asset Management 8% monthly rentProperty Tax:  1587 /yr | 133 /moInsurance:       1060 / yr | 89 /moUtilities:            1800 /yr | 150 /moCap Ex: 30% projected (20% last year | 35% this year)Longer term tenant in the one under rented unit.

Even if its cutting the warranty off, sticking to manufacture warranties, and saving the cash to pay for expenses when they come up.

How much is he paying you monthly to use your land?

With asset based or DSCR (debt service coverage ratio) loans or rental specific loans, lenders calculate the income by the PITI (principal, interest, taxes and insurance) to qualify for the mortgage loan.

If i would have financed it for 15 or 20 years the payment would smaller which would have allowed me to have enough money generated enough money to pay all expenses including taxes