Longevity and utilization are important as mentioned above.

Mortgage+taxes+PMI is $2000 and Maintenance+utilities is $650.

More and more, I am coming across homes that have all their utilities off, how are you guys handling inspections during due diligence if the utilities are off?

But, i did it all myself which saved a lot of money, and the fact that it took longer I was able to wait for some really good deals on materials/appliances/etc to come along.

So it's vital that net returns be portrayed as materially higher than the borrowing rate.It's usually the smaller, newer companies that are at least acknowledging these expenses, though they often understate them (vacancies at 5%, maint/repairs/capital at 5% is common).I'd love to hear insights from others on this.

Some add a laundry room for additional income, but I have found the income versus the utility outlay does not always balance out.

I would not provide utilities.

. / $4,166.67Annual debt service “DS”Revenues:Monthly AnnuallyRental Income$935$11,220.00 (RI)Vacancy @ 8% ($74.80)($897.60)Net Rental Income $860.20$10,322.40 NRI)Operating Expenses:Property Tax- 1800 (this is being challenged currently, but no ruling at this time)Insurance- 1000 (estimate, I will get a quote on this for sure.)Maintenance- 1200 (Estimate)Utilities- 800 (Estimate)Advertising- 100 (Estimate)Total Operating Expenses (*Very Estimated*) = $4900 (TOE)Net Operating IncomeNRI-TOE= NOI$10,322.40-$4900= $5422.50 (NOI)Total Cash FlowNOI- DS= TCF$5.422.40-$4,166.67= $1,255.73Return on InvestmentTCF/ TCO= ROI$1,255.73/ $5,000= .2511 (25.11%)Cash on Cash (Considering- Down Payment, Upfront Repairs, Closing Costs)TCF/ TCO (W/repairs and closing costs)$1,255.73/ $6,500 ($5,000 DP + $0 Initial Repairs + $1,500 Closing Cost) = .1923 (19.23%)My thoughts regarding this deal: I think the asking price is a little high for the property considering it’s age, condition (off of visual inspection from the street level only), location, what limited comps I could find.

And you can tell he had his own versions of the presentations concentrating on the best material (in my opinion) and spending less time on stuff that you probably couldn't use right away.

The "standard" forms are copyrighted material available free to Realtors and (from what I can tell-- I'm not in CA) for a small fee to members of the public in a non-brokerage capacity.