One of the requirements for the building is a monthly HOA fee of $270.

now there's a whole foods a block way. it has covered parking in an area very crowded even for street parking.so for me key things to look for are Location, HOA, and HOA fees, and parking situation.

Second, as someone said, you should have checked on rental prices and comps before buying since optimistically with construction costs of 100 per sq ft, a 2k sq ft multifamily is easily going to be in the 200-250k construction costs including permits, fees etcAt that level, you would need to collect 2k in rent a month just  break even on the construction + costs.

Is there a HOA fee?

@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.

Hello all from Tucson Arizona.I am a Landlord and one of my biggest issue is finding ways to make sure my tenants pay rent on time and without fees.As of the time of this post Zellepay through Wells Fargo is without fees (but you and I know this won't last).My tenants who are under 30 seem to like this option very much.Wells Fargo and many banking institutions offer Zellepay.

Now...according to my lease they have to give a 60 day notice, plus they pay a fee equal to 1 month rent, $1295 in this case.

After closing costs and fees, what would you recoken my net cash out would be? 

With about $2,000 tax liens, $4,500 agent fees and some other fees this was bought and sold in about 60 days.

This would prevent another brokerage from marketing the property and also protect them from sellers that have found a buyer on their own and are trying to cut out the broker fee (this does happen).