For additional info, the crime maps show that there was a murder right across the street in May…So all that aside, here are the #s:Asking Price: $110,000 (dropped from $125K)Offering Price: $90K (based on lack of garage, seller’s expediency, past murder, vacancies and upcoming winter, as well as what I can afford to pay per month)Rent: $950 (once rented); Annual = $10,830 (5% vacancy)Operating Expenses:Water/Garbage - $1380Gas - $106 (altogether; split between two units)Electric (separate meters)Insurance - $1500Property Tax - $1,666Repairs (if needed) - $1600=$6252NOI:=$1998 AnnuallyDebt Service:$7104Cash Flow:-$5106 or -$425.50 a monthAs owner-occupant:$592 – MORTGAGEUtilities – $375$6 + $150 + $139 + $86 + $50 (electric; estimated)$1017 a month…doesn’t include repairsPROPERTY #2The second property is different.

Pretty quite block with a church located directly across the street from my property.

Prospect Lead formPROPERTY INFORMATION WORKSHEETAddress __________________________________________ Date _________Location / Cross Street _______________________________ Map Pg# _____Seller _______________________ Ph# ____________ Alt.

It is on a dead end street and I own both sides of the street .

REI in Memphis is street by street and block by block.

This home was on a busy street (4 lane, yellow line, etc) but was in a prime location near restaurants, bars, shopping, etc, etc.

We initially thought we were going to buy  an apartment building on Elm Street -- so Elmwood Properties LLC was born.  

The numbers that don't matter are the ones with street names behind them.  

He lives with me in the home I own at 123 Main Street.

I hope to meet some good tenants make friends heal and restore homes and bring up other Americans home values and maybe streets and neighborhoods nice again.