They want to sell each duplex for $60,000, but working with the Rental Calculator and increasing the rents to $600.00 each, I came up with the following:Purchase Price: $57,000Income:              $1,200Vacancy 5%; CapEx 7%, Repairs 7%, PM 15%, Property Taxes $158.00; Trash $30.00; Water & Sewer $60.00, Insurance $110.00, P&I $231.79 (after putting down 25%). 

The seller is under water on the house and is in the pre-foreclosure stage.

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

For example, I was buying a house  and I warned my realtor that I will be coming probably a month in advance and asked her to make sure The seller turned electrical on and water.

We were planning on rehabbing this unit anyway so minor damage isn't an issue.

I have a lead on a 10 unit studio apartment complex and upon further digging, the landlord pays all electricity, gas, and water.

So here's the scoop a four unit with rent at $425 for a total of $1700 a month, asking $124,000.( owner pays water)It took a couple of weeks to get the cash flow report.

You may make out better if they agree and leave instead of a prolonged fight where you stand to lose months of rent, possible damage to your property and little or no recourse. 

It's not an original note state.Or...you could just entrust all of your life's savings to someone that will do all that for you and take a piece of it in exchange.When you've done all that, jump in the water.

Purchase price: $240,000 Cash invested: $63,500 Contributors: Tara Shedden Self-managed fourplex; landlord pays water, sewer, trash, landscaping, snow removal.