Hypothetically, say your 33,000 SF office building has 3,300 total expenses in utilities a month.

Thanks.5 Unit aparment house in Rhode Island7 Parking spaces for add. incomeAking 299,000Purcahsed for 250,000 ( 16% less than asking price ) 299,000 - 250,000 = 49,000 / 299,000 = 16( 25% Down{50,000.00})200,000 mort.30 Years7.8% fixed1439.74 monthRental Income525.00 for average unit ( This may be off for this area or not )Gross Monthly2625.00Yearly Gross31,500.00Parking Space Income175.00 month ( 7 x 25.00 = 175.00 )175.00 x 5% vacancy = 105.00Parking Space NOI 1995.00 yearlyExpensesGas ( 50.00 month, 600.00 yearly )Electric ( 100.00 month, 1200.00 yearly )Water ( 70.00 month, 900.00 yearly )Total Utilities ( 220,00 month, 2640.00 yerly ) Vacancy ( 131.00 month, 1575.00 yearly) (31,500 x 5% = 1575.00) Taxes ( 275 month, 3300.00 yearly )Insurance ( 100 month, 1200.00 yearly)Yearly Rehab ( 75 month, 900.00 yearly )Yearly Maint

Thank you for your feedback,Rye-----Gross Rent Income = 100%Vacanciesvacancies aptsmove in concessionsskips and bad debtsTotal Vacancies = -10%LaundromatTenant ChargesApplication FeesCleaning/Damage/PaintLate/NSF/Legal FeesForfeits/Lease breaksPet/Key/ID feesTotal Other Revenue = + 0.8%Management FeesManager SalaryManager Rent Free UnitLegal FeesAuditing FeesBookkeeping and AccountingManagement Total = 8.2%(All utilities are paid by tenant.

Where I plan on buying the Duplexes go for around 120-150k and rent for a total of $1600-$2000.

Hold Cost : $4,900.00Misc expenses (5%) : $7,500.00Cost to Sell (5%): $7,500.00Max Purchase Price: $91,100.00The total of these is $127,500.

Realtors are considered "experts" and they shouldn't be trying to negotiate preforeclosures because that might end up with you in court.Actually, a Realtor can negotiate preforeclosures, however, they must be totally upfront with the owner, i.e. that you intend to make a profit by reselling the property, which, of course, should be in writing.

. $1400 w/ $200 HOA($1600 total).

So, to summarize, under this structure the investor would sell and exchange into new rental property, rent for 12 to 18 months, convert it to his/her primary residence, live in it for at least 24 months, and once he/she has owned it for a total of five (5) years he/she could sell the property and take advantage of the 121 exclusion.

And even then, he says himself he did 12 total deals and lost money on 2 of them.I mean, Reagan was president.

Dave Blair out of annapolis lends based totally on the deal. www.investormoney.us7. don't feel you have to know everything before you do a deal. just start looking for motivated sellers. and network network network. there are alot of folks who'll mentor you on the fly and help you close deals you find AND put up the money.