Insurance companies pay me to do it for them.

I have not done due diligence on these, the water, garbage and insurance are purely estimates and likely high.

-HOA fees are $160/month which covers everything exterior of the home (landscaping, insurance, etc).Goals-I completely understand that it won't cash flow, but my brother is pretty much a 2-4 year guaranteed renter of 1 room.

That includes loan payments, utilities, insurance, taxes, HOA fees, and any other expenses that can occur during the Rehab period and up until the property is fully rented.  

One of my first leads came in yesterday and I wanted to solicit some opinions on how to proceed.

My concern is that the unit under eviction will be heavily damaged with no security deposit and insurance doesn't cover tenant damage, though a criminal act.

He's also mentioned putting the proceeds from sale into an annuity, so he may entertain owner financing which could sweeten the deal.  

We will split 50/50 on cashflow and proceeds when we sell. 

Must be licensed, bonded and insured.

Usually for the buyer this includes, property taxes, insurance, title company fees, and lender origination fees.I’m not a huge fan of using percentages to estimate these costs.