Hi,Hoping to solidify this deal:Overall:Duplex2000 sq ft total3 bed / 1 bath eachContract Price: $110,000Monthly Costs:Mortgage Type: FHAPITI: $810  (4.25%)Repairs: 0.15*$1350 = $202.50Trash / Water: $155Income:Rent: $1350Capital Costs:3 month vacancy: $35103.5% down: $3850Rehab: $6000Inspection: $500Returns:Cashflow: $180COC: 15%Cap Rate: 10.2%Unknowns (working to solve):ARV (post repair / garage / desert landscaping)Timeline of getting rid of PMI (add'l $125 cashflow)More accurate assessment of rentsCost of a garage / add'l appraisal value / add'l cashflowCost of desert landscaping / add'l cashflow (~ $50 - $75 / month) / add'l appraisal valueDIY window cost (estimated as half of contractor quote)Re-Fi costsKnowns:No lender fee w/ 4.25% FHAClosing cost by SellerThoughts?  

My brother and I just inherited quite a lot of rental properties and our family home, a condo in the desert and also a negative bank account.

@Eric Howell I don't know about a property manager in the high desert, but I hope you find a good one because that city is really rough. 

@Juan Covarrubias , I currently have a couple of SFH rentals in the high desert and now I'm looking to set up a good team in the IE and get my first flip (of many)done.

And water is--and will continue to be--a long-term issue in the high desert as populations grow.

Would love to hear some other perspectives that I can consider.I own multiple properties in the high desert of San Bernardino CA.

Yes, there are always the desert cities here in So Cal that can offer cash flow.

I flew down to Rancho Sante Fe  to check out the demo pool it was WAY cool and I thought this can't miss... saves water in desert clim.. saves space.. just awesome.Well it was great but it was 75k ... and the market was not interested in a 75k pool cover.Even though you could drive a car on this one.. and when it was up you could not even tell a pool was there.

Greetings from the desert in Dubai everyone, my wife and I are looking to purchase a multi-family apartment building in Houston area, can anyone recommend a good realtor and Property Manager to assist us?

Go look at the Palm Desert Chamber of Commerce building as a recent big commercial build.You'll come to find that the building departments everywhere absolutely LOVE this system because of the ease of use and incredible durability they have to offer along with a laundry list of benefits both structural and thermal that are SUPERIOR to any other type of framing system available.