Clearly you need to listen to more of the latest Bigger Pockets podcast, Brendon and David answer your question in details. 

This doesn't even address how people are going to fit two dumpsters on a city lot.

Anyways, I'll check with the local appraisal district information and there's no phone number or name or other address to the owner.

Detailed annual expenses include: vacancy rates, specific tax rate, 10% for property management, liability insurance, sewer, electric and gas, snow and lawn care.

But I would be circumspect about how I requested the records (need them for personal research project), how the information appeared when disseminated (all indications that it came from the State would be removed), and how I phrased my interactions with property owner's who were identified through use of public records (I'd never mention that the owner's identity or address was obtained from the State or County, only that obtained the information legally at considerable cost).

@Orlando Davis I might be interested or have an investor who is, will you send me the details?

@Justin Heitter, you can see actual electric/gas costs for an address here: https://www.myavista.com/your-account/moving/high-...WSG should average $65-75/month/door.Management will probably average 8%, depending on your manager.

I don't know the details of a Land Contract.Your W2 comment makes me wonder, can I write off both the interest as well as the loss (diff in mortgage and rent?)

The inspection will tell you a lot of details on the quality of the house.Analyzing the numbersBased on the numbers it looks like its close to a 1% deal$600/$55,000Where $600 = monthly rent and$55,000 equals cost per unit(I am counting this as a 5 unit moreso than a 6 unit) $275,000 / 5

@Andrew Postell Thank you so much for the detailed response.