Asking 350k 12 unitsScheduled Gross Income: $72,000Vacancy (5%):$3600Effective Gross Income: $68400 Maintenance: $7200 Taxes: $12,600 Insurance: $1,200 Other Expenses: $10,600 Total Expenses: $35,200Net Operating Income: $36,800/12=3066.66350k@8% for 20 years=$2,927.54balance=139.12/12=11.59 per unit not stellar by any means, but in the black.

Just ask anyone that's had to help with evictions on a few crack houses; Or having to visit a property once a week and make maintenance and utility payments for 4 months before ever listing the property.When you make your offer directly to the bank or asset manager, that offer is sent back to the listing agent; in some cases (very few), this act can cause the agent to be looked upon in a poor light.

I just came across this 4 plex for 209 000$ with 22 800$ in gross yearly rents, it also said seller was motivated so im sure it could be talked down to 185 000 or so, thats over 12% annual return!

Most of these custodians charge an annual fee based on assets in your account.

Someone who takes care of the maintenance promptly.

If you buy then there is the interest on the money you borrower (minus possible tax savings) plus all the maintenance costs.Long term owning a house looks to be profitable.

in terms of costs - advertising - 754 ANNUALLY???

Is there anything I could do to help with the maintenance of the house?

It is a foreclosure duplex 2600 sq ft assessed for 94kAsking 35k I will offer 25k plus 10k to fix upBefore the bank took it the property was renting 650 per unit with tenant paying for everythingThe agent told me that the previous rent was a little lower than market for a 3br apt.IncomeAnnual rent (based on 600 per unit) 14400ExpensesTaxes-3900Insurance-980Property management-1440Vacancy(5%)-720Maintenance- 1440Total-8480Net Profit- 5920 Loan at 8% with 3500 down= 231/per month, annual- 27725920-2772= Cash flow- 3148The agent said That after fixed I could get easily mid 60's and that is even 30% below assessed value so should I cash flow this or just flip or neither and wait for a better deal?

In '2002 I found that my business travel had increased to approximately 80%+ and started contemplating my next career interest/move.In early '2003 I left the corporate world and got involved in the landscaping business, however this quickly turned into doing other types of projects for people and it led me down the road of providing value-added property maintenance management services.It's now going on 5 years in this business and although it's had it's ups-and-downs I have extremely enjoyed doing this type of work and helping others.