Tyler List Price $119,000 Down Payment $29,750 Repairs $500 Closing Costs $3,000 Total Cash Investment $33,250 Initial ScreeningGross Rent (4 Units)$1,872Expenses (50% rule)$936NOI$936Mortgage$491Cash Flow$445Cash ROI16.1% Expenses (Detailed) Vacancy (10%) $187 Property Taxes $307 Insurance $67 Gas/Electric $150 Water (per unit) $90 Sewer Service (per unit) $90 Maintenance & Repairs (5%) $94 Property Management (10%) $169 Lawn Care (7 months) $39 Tenant Placement Fee (per unit) $78 Annual Tuneup/Inspection $19   Lease Renewal Fee $16 TOTAL EXPENSES $1,305 Expenses % 70%     NOI $567   MORTGAGE $491   CASH FLOW $76 Goal: $300 CASH ROI 2.7% Goal: $15%

I have read & listened to many materials on this website but this is my first time posting.I am currently working in Chicago as a business analyst supporting the oil & gas industry.

(PITI+ HOA+water/trash/gas is a about $4800K/month; our previous rent was $2300 a month)That said, it all depends on what you want. 

Have you ever randomly been at a gas station at around 3:00 a.m. and seen that one odd-looking shriveled hot dog left on those automated rollers under a heat lamp? 

In case it helps, it is a gas/hot water system.

@Alex Jean Baptiste I'm in Fairmount, near the BP gas station!

Personally, I don't like to stress... so I prefer to invest in better assets.It's no different than the person who pays $2,500 cash for the 20 year old car that get 18 miles to the gallon and needs repairs twice per year or the person who pays $400/mo for a new car that gets double the gas mileage and doesn't need anything other than scheduled maintenance.

I️ came across a house for sale in a great area that is a legal 3 family, all 2/1 units, for $550kUnit 1 was just rehabbed but vacantUnit 3 I’m not sure about but rented for $1750Unit 2 is “value-add” and vacant so I️ know I️ could rent or rehab itEstimated rent roll would be $3600 as I️ am thinking $1850 for rehabbed unit and I️ would take the unfinished unit.Property taxes are 11500/yearTenants pay gas and electricI️ would pay $1700 for an apartment in this area.I️ am looking for a property to house hack, so I️ would look to do an fha with 3.5% down.Would this deal make sense?

Get an oil and gas job and get out of Pagosa. 

/gas meters, separate furnaces.