Water heater.

Central heat/cool, and currently gets $850 per month base rent, NNN lease where tenant pays (reimbursement) for property taxes and insurance.Lease Term: 10/1/17 – 9/30/2020Base Rent: $850/monthNNN Tenant Reimbursement to Landlord: $170/monthLandlord Annual Expenses: $1,020 water/sewer/garbage, $1036 property taxes, $506annual property insurance.Gross Annual Income: $12,240Annual Expenses: $2,562Net Annual Income: $9,678Zoning CMS Building Class B (Residential 3/1 Home)-Lease Term: Month to MonthRent: $1,100/monthGross Annual: $13,200Net Annual Income: $13,200 Combined GROSS ANNUAL INCOME: $25,440 Combined ANNUAL EXPENSES: $2,562 Combined NET ANNUAL INCOME: $22,878I have not looked at the property, based on pictures looks in good condition & would probably need an inspection report to see if there is anything major that needs to be done but after running the numbers factoring in all costs ( *considering this would be a cash purchase) the ROI would be around 9%.

Is the foundation cracked, falling in, water leaking, etc?

Meaning, you start small, in a different area of real estate and finally after 10 years you can test the commercial real estate waters?

If the property is quite old or in a state of disrepair, needs a new roof / foundation / water heater / HVAC / etc., you can expect quite a bit more than that.I see you have 12% combined for monthly capex + repair reserves. 

In regards to fees for an ADU under 750 sqft:"A local agency, special district, or water corporation shall not impose any impact fee upon the development of an accessory dwelling unit less than 750 square feet.

This week I went up against loan depot and was able to blow them out of the water.

Splash cold water on my face.

Worst case scenario the oil makes it way into an aquifer, river, stream large body of water.

Hi All, I am new to the real estate market, but very interested in trying the waters.