The taxes & insurance are already incorporated into these transactions.

Price/ Unit $ 52,500 Price/ Sq. ft $ 74.46 Rental Income Scheduled Rental Income 48,000.00 ( per year) Vacancy (0%) 0 Effective Rental Income 48,000.00 Service and Other Income 1,615 Effective Gross Income 49,615.00 Operating Expenses Utilities: 4,320.00 Repair & Maintenance 1,300.00 Turnover Costs/ Cleaning 3,000.00 Taxes 2,568.00 Insurance 1,750.00 Total Operating Expenses 12,938.00 Net Operating Income 36,677.00 Debt Service 22,884.00 Cash Flow 13,793.00 Cash Flow/ Month 1,149.42/mo Cap Rate 9.178% 4 2-bedroom units rent for $550 4 1-bedroom units rent for $450 Can anyone help me figure out if this is a worthwhile deal?

Not a bad idea but will the house sell in 6 months for what you are willing to sell and have you taken into account the transaction costs (including a prepayment penalty).

The washer and dryer are also in this bathroom.First I want to know how bad that would effect me in trying to sell the house if I fixed it up.

Good luck on putting together your first of many investment transactions.

Thank you for the help.YOu need to read up on the laws in Oregon.. since this post was made new laws came into effect. you must be a LICENSED foreclosure consultant to help those in foreclosure.. the ONLY thing you can do is buy them and you cant wholesale in Oregon the way guys and gals do in others states .

Sounds interesting, but the big names provide support like you can't imagine.So what is the fee per transaction, and the monthly?

That is changing the discussion and in my opinion not considered a subject to transaction.

Experience has shown me that people in foreclosure some times do not think rationally and many times are in denial.What has been effective in the past is to mail postcards to a general area of smaller older houses simply saying that you buy houses and can close at their convenience when they want.

I know that in Georgia is has to be done by a closing attorney and I have no idea how this transaction happens at closing.