Just thought it was cool we got similar names, both are interested in buy and hold, and posted introductions at the same time!

So how much life is left on your roof, water heater, furnace, decks, garage door, sidewalk, driveway and then take the years left and divide by the cost it takes to fix it.

Level 1: the "are we remotely close to offer price" analysis  Take the gross potential income and allocate 50% - 60% (exact percentage is determined by property age, amenities, and current condition) of it towards expenses Then take NOI and divide by cap rate which gives us the high-level valuation This takes 5 - 10 min to do side note: another way to do this is knowing the average expenses per unit per year for that property time in that market then allocating that towards expenses instead of the 50% - 60% Level 2: the "ok, let's get serious and specific" analysis  If after doing Level 1 it makes sense to continue then Level 2 is done In Level 2, you use property and market specific information to run your analysisSome (but not all) things to consider for the specific market/property: taxes and how they are evaluated, vacancy trends, what's currently being billed to residents vs. what could be billed to residents (i.e. water), etc. 

What makes Birmingham cool is its a low key market.

It's cool to hear what is effective in other markets!

The 100k house had pipes burst and had water damage throughout the house.

For example thier is a $150 storm water assessment per parcel $22 masqueto control ect.  

I did however convert 102 unit apartment into separate condos ( complete rehab, even new roads, water lines the works .

Landlord pays ~$100 per month water only.Not sure how to proceed.

Water/Sewer $820*Notes* Seller has area for washer/dryer for all units to access and pays for electricity/water for that included.