This is because inflation is constantly eroding the buying power of money, so you have to keep spending more dollars to buy the same items.

The power and all other utilities are off, grass not cut (we had it cut twice) and cobwebs are covering all points of entry.

The big things they look for is the condition of the roof, age of electrical & HVAC, any foundation issues, and evidence of termites.

Details:Goal is to Owner Occupy Location: Type A *very close to great schools, downtown walkable locationHouse: 4 Plex 8 beds and 4 bathsSq Ft: 3,548Price: $425,000Mortgage: 20% down 30 year conventional Current Rents: 790, 985, 945, 910 per-month  *These seem low for this area and for the condition of the unitsOccupancy: 1 will be open for new owner to occupyInsurance: $180 per-monthProperty Tax: $415 per-monthAnnual Maintenance: $800Water, sewer, garbage, electric: all paid for by current tenants Cap Ex: $280 per-monthVacancy: $280 per-monthProperty Mgmt: $345 per-monthThe property has had many Cap X improvements over the past 6 years including, new roof, windows, refinished hard wood floors, paint, foundation work, plumbing, electric... 

@Zachary Hadjah First: congrats on your entrepreneurial energy and realizing the power of passive income to create wealth at such a young age!

Soil is in restricted soil area (perc test will be available in Feb in our area).Keeping in mind this is a 1/2 acre plot with 1/4 acre plot across the street, 5-6 outbuildings (chicken coop, outhouse, garage, ~100 sq ft shed w/ electric, cinderblock smokehouse, fire pit, and other shed).

@Dan Powers and @Jason Forman I would argue that a rental rehab and a flip rehab shouldn't be too far off in terms of cost.

The best set up is the one with flexible hollow rods with special attachements powered by air compressor, that way less chance of dryer duct to get disconnected in the wall or ceiling.

Do you pay for these plans ($10/mo)? Are they worth it?

There is power to create change here and I’m grateful for it.