Repairs and maintenance of older buildings will eat up any dreams for profit you may have.

Sounds like the estimate from them is based on closing on the 15th, so if another date is used then the numbers will fluctuate.The unknowns are unknown, otherwise the things would be known and itemized on the estimate.Now, if the lender will be escrowing taxes and insurance, then the determination of the disbursement schedule and resulting "low water" escrow balance (1/6 of annual total due to be paid into escrow) tends to move a bit when the settlement date moves.

This is what is holding me back from buying the house.It is a nice 2 family, all brick very low maintenance fits my profile of houses I look for.

About $15k in debt service leaves me with $30k annual income, not great, but its enough to live off.

You will use this percentage to figure and multiply it by the following household expenses: maintenance, interest, property taxes, insurance, and utilities.

Insurance: $1000Property Mgmt: $0 (DIY)Maintenance & Repairs: $6,000Advertising: $200Utilities: $800NOI: $10,804Cash Flow: $4,326 Annual ($361 p/Month)Cap Rate: 8.83COC: 14.28%If my math looks ok, then I have a couple of follow up questions: 1.

Your annual insurance is 1.5 months rent so the 50% rule is probably going to be in full effect.

The party wall agreement covers how any shared maintenance is handled.

No maintenance issues.NOI: $60439.

I have people who can do various maintenance needs if things need to be fixed.