Also, the ROI =Annual Cash flow / Cash paidWhere: Cash paid = (down payment + immediate capital) Annual Cash Flow = (Gross Rent - Taxes - Mortgage) Is this correct?

Our employees are given instruction on which job site to work at for the day along with instruction on what to do.

I found this property on loopnet.com but it seems too good to be true:5-unit property for sale $369,000 (7,000 sq ft - 1400 sq ft each unit)3 BR / 2 BATH APARTMENTS; LIVING / FAMILY ROOM, KITCHEN; DINETTE WASHER DRYER HOOK UPS; CENTRAL AIR & HEAT2012 GROSS INCOME: $55300*/NET INCOME: $41298Note:Gross income includes $900 month for apartment # 520 which is currently occupied by manager (manages several complexes for owner) for which currently no rent is paid.

He was supposed to bring us buyers but he only brought us one of his employees.

That feature is nice and becomes even more helpful if you need to provide cards to employees.

Can you provide gross rent and property taxes amount?

Clarification: your GC's workers comp covers not only his employees, but also any sub employees not covered.

Andrew, can't help but think you're still mixed up on 6% tax rate, are you saying a 60K assessed value property has $3,600 annual taxes, that's $300 a month, probably half what the rent would be, that can't be right. 6% of gross rents maybe. :)

The third is rented at 750/mo (rent controlled) but could be delivered vacant.Based on rent comps I estimate rents of 1350/mo, though the seller is touting 1500/mo Price $550000Repair: $15000ARV: at marketMonthly gross: 4050I'm really struggling to see what I'm missing here.

------------------------------------------Gross Rent: $600/monthLess Expenses: -$315/monthLess Debt Service: -$161/month========================Cashflow: $124/monthWHAT DO YOU GUYS THINK, DEAL OR NO DEAL?