I interview a lot of investors during our wholesaling and hard money adventures and see some really common issues I am going to try and address in this diary.

I worked as a rep for years and this was common practice.Hope this helps!

Ensure you include all of the expense calculations when number crunching (property management, vacancies, maintenance, capital expenditures, property taxes, and insurance).

I explained to the broker, the option is price is higher than the appraised value, we got a higher deposit because of the option, and we are not responsible for maintenance and repairs because of the option to purchase.

(price per square foot is arguably the most common metric to value an investment, especially a property that will be delivered mostly vacant)What are the current taxes, and who is responsible for paying utilities?

There has to be a reason they aren't common around me though but maybe it is area specific.

Interior has a walled and lockable 14'x12' office, large overhead door.Main driver of this proposal wants to continue using the space, and feels somewhat entitled due to them having performed some infrequent light building maintenance and lawn mowing over the years.

If you can rent it for $800 a month, that gives you plenty of room for expenses (taxes, insurance, maintenance, cap ex, prop management, vacancy) and will probably give you a positive cash flow of a couple hundred bucks a month.

@Jay Hinrichs Yeah, we have mobile notaries here too....it's such a well known and common term, figured this must be something else.

Unfortunately, it's not the same thing.You can have positive cash flow but still show a loss for tax purposes - which is very common.