I just calculated as:[annual rents - fixed costs (taxes) - variable costs (avgs provided by seller for water, gas and electric]/(negotiated price + my fee)I dont believe im missing anything in calculating the cap rate?

I will be sure to get that in next week, Here is the info from the HUD-1: HOA Partial May 100.39 Title Insurance 252.00 Escrow Fee 150.00 Messenger Fee 20.00 Texas GARF Fee 1.80 eRecording Fee 3.00 Govt Recording Fee 24.00 Two Months Advance HOA 380 HOA Transfer Fee 165.00 HOA Electricity Deposit 100.00 This is nearly 10% of the purchase price of $12,000

These same programs are where the electric company would post any refunds they processed that didn't get delivered to the client, perhaps because they moved, etc.

The ARV is a solid 185k-200k, and the woman said it needs plumbing work and electrical work.

Hi, Does anyone know of an inexpensive energy monitor that's easy to read to determine electric cost for tenants cost which is shared?

These duplexes are from 2003, built by the seller...larger, all brick and vinyl siding, modern electric etc.  

I purchased my first rental property, a 4-plex, in 2011 and have slowly but surely rehabbed it, completely gutting 2 of the units and updating all of the plumbing and electrical.

Baring an electrical issue or bad pump you could have the matter concluded for around $400 possibly.

I'd be happy to answer any questions you have about owning vacation rentals in Hawaii, if you want to send me a private message or colleague request.One item to consider when you are running numbers on possible properties in Hawaii is the cost of electricity.

Do you have electric heat?