it is very simple and you should have this imbedded in your headstart simple then you can get mroe complicatedRent - Mortgage - Taxes - Insurnace - Maintenace - Water - Utilties paid by you - management (pay yourself your time is worth something) - vacacies.

You can't save everyone and it makes little sense to waste time bailing the water out when the ship is going to sink no matter what...

The $1051 they stated includes the taxes (which I verified, and what they stated is accurate), the water and gas, insurance (they're stated wasn't far off from my quote), maintenance, and reserves.They claimed 99% occupancy over the past five years.

You have dirt, Asphalt, Water, and sewer,.

However, how long does it normally take to generate enough business credit to qualify for lines of credit in the $50K-$60K range?

The PITI on the 5 year (seller financed) note plus the utilities he pays (water and garbage) comes to about 450.00 a month.

I am now offering them for sale, at small profit for myself and to move them in this difficult market..I have listed them at about 40% - 50% below similiar lots in the community ( ranges from $25k - 65k).

Those townhouses give us a fairly good income and my parent told me that we don't have to pay any expenses - i.e. electricity, heating, water, etcs.

Try and find a lender and seller who I could put together a 70/20/10 deal with and buy something in the $200k range.

Most likely, there's more works needed than just sheetrock and carpet since the water may have damaged the studs or electrical.