Then in 5 yrs you have a purchase option for $xxxKNo idea of the legality, but trying to help think out of the box.

Cost to sell the house in about 2 yrs is about 8%.

If you don't have boots on the ground that can oversee your "GC" (who seems like he's just gonna change order you to death, cause prices seem low), then your going to be part of the very long list of out of staters who read an article somewhere, that said you can make a lot of money flipping in Baltimore, and then are "one and done" investors in Baltimore.My HVAC guy been on the business for more than 20 yrs.

I plan to hold the property for another 5 yrs hopefully .

. $20,000.00 annually for 1st 2 yrs. for Reserves.I am deducting for a Vacancy Rate of 5% for $7,860.00 annual loss.Annual Water/Sewer of $10,800.00Annual Trash Pickup $4,600.00 I am using an estimate from another 16 unit within 1 mile for this figure.Annual Electric Service $5,400.00 or $450.00 per mo.Annual Pest Control of $1,200.00Legal and Accounting $2,150.00Elevator Mantenance $1,200.00 verified but condition of elevator is unknown at this point.Snow removal of sidewalk $725.00Advertising for 21 days in the Newspapers $397.05 Verified.Licenses for Rental Property $240.00I am getting Total Annual Expenses of $81,800.05 or 52.88% of Total Gross Income.OTHER FACTORS: Zillow shows this place as a 9 unit and has the value at $600,000.

I had a fire in a 6 family 15 yrs ago.

John is correct.74000 for 30 yrs @ 7.5% you monthly payment is $504.00Rents $1000Expenses $500Cash flow neg $4.00 bucks per month.

That really did not answer my question but the valuation was set by me through real property sales in the area in the last 2 yrs.

I’ve worked as a Police Officer for the last 15 yrs and have a unique perspective on the community.

I've been investing for almost 10 yrs with my and a few friends captial in SFHs and now flips.