More forclosures coming in every month in that size and price range and getting financing for those babies limits the number of customers knocking on your door.

Taxes and insurance range from 2,500 to 3,500 annually on each.

Just this week in Dallas I looked at some 4- plexes in the $150K range that have gross rentals of $2600/mo.

I found a peice of land for sale at a startign asking price of 75k. raw land just under a acre, surrounded by homes of 250k-300k price range.

Once you've have bids for some job, such as replacing a hot water heater, you can use that for future work.

(When I say Complete, I mean new Hot Water Heaters, New Furnaces, New Roof, New Windows, New Doors, New Carpet, New Paint, New Light Fixtures, New Electrical Outlets, New Bathrooms soup to nuts, New Kitchens, etc).

The "calls in the night" I always got in the insurance business were leak related and invariably they were emergencies because water was going into living space.

It is on deep water with a double dock & a boat lift.It is hard to find large lots on the water that are in child friendly neighborhoods.I would live there for at least 10 years.primary residence.I would need 3 years to get my credit together for a loan.I could afford 1600-1700 a month.

I recently had a buyer whose price range was up to $1.25m.

PLEASE point out any errors/misassumptions.Deal Information As It Was Given To Me:2 brick buildings24 units total Price $760,00022 2-bed rooms, average monthly rent = $5002 1-bed rooms, average monthly rent = $450Every unit has a seperate gas hot water tank + seperate gas heating furnacesAnnual Rent Income = $141,720 (Building would have to be at 99% occupancy for the past year?)