Wolesaler,I will PM you so we can see if there is some common ground to work together.John Corey

but a BIG factor in that is the market.the bottom line is that realtors (not all of them are created equal) do offer a very needed service and their compensation (commission) should be factored into any deal during the planning phase.

What it does it allows you to hit the ground running versus learning how to craw, walk and grow into an adult.

I'd opt for a ground floor launderette that will minimize potential problems.

Ok, here it is:My offer is 173k with 13K back at closing.Total Purchase Price $173,000Seller Concession $13,000 (roof repairs and closing costs/fees)Downpayment (15%) $25950Debt Service: $1330 per month Finance $147,000 x 9%= $1330Gross Rents: $2775 $400 (15% vacancy/rent loss)Effective Rent: $2370 Expenses $1100 (water, insurance, taxes, trash, grounds, misc.)Do I buy or pass?

20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.

All of the new 3 pronged outlets that I just put in had to pass the ground test.

Man, do I have a lot of reading to get through.We're definitely going to spend some time on the ground in whatever areas make up our "short list" before we move.

We are working with a lawyer to draw up paperwork that would phase in percentages of ownership for her over a period of time.However, there's also the question of writing off the interest.

The basket of funds was some form of precautionary measure used to prevent idiots from losing everything and blaming the company for not having a retirement.I have a good understanding of the financial markets and think I am pretty grounded in my decision.