I'd check with the local Planning & Zoning Commission, as well as the Board of Zoning Adjustments.The restriction can be specified in a variety of ways.

Rental Income is $875-$925 per side/per month (we listed the low end) Gross rents $1750 Taxes $222 Insurance $82 Management $140 (Original placement fees paid for, no other charges) Repairs $0 (It is new with builder warranty) Utilities $0 (Tenants pay all as wriiten in contract) Maintenance $0 (Tenants pay all as written in contract) Vacancy $0 (we have a variety of new tenants to choose from) Vacancy $105 (Lets put 6% in there anyways to satisfy you) Administration Costs $0 (Management handles everything for their 8% monthly fee) Total Expenses $549 (should be $540 assuming the 6% vacancy reduce management fees, which is why I take vacancy out first as it Does affect the OE) NOI = $1210 Debt Service = $906 Cash Flow with vacancy assumption = $304 ($152 per door)I think that speaks volumes about how you calculate cash flow.

One last thought, plan on hiring (at a minimum) one full time, well qualified "lead" person, and (for a variety of reasons) one part-to-full time (and much lesser qualified) "helper".

In most real estate purchases there will be a variety of things that you could care less about including in the contract.

The reason I like them is that they pull the keywords and the ads...for the most part....make sense with what you are looking at.Since my site will be a board variety of topics/locations.

A great flower ot flag logo on the stamp appears non threatening and non-pro.

If you're going to be in business, then I would start a LLC for a variety of reasons (asset protection being a big reason).

Just another wonderful aspect of RE, we can all make $ in a variety of differnt vehicles, methods, strategies, etc.

An inspection of the structure would be in order, untreated water damage can lead to a variety of problems, including staining, warpage, deterioation of pressboard(cabinets and shelving), mold, termites and other critters.Water is broken up into three categories when determining the effects on a structure, and what is needed to be done.

By understanding a variety of ways of structuring investment deals, you will not only increase your knowledge, but you'll become comfortable crafting deals of your own.In many cases, a mentor will work shoulder to shoulder with you in the field and explain to you why certain strategies may or may not be appropriate in a given situation.