@Mike Gonzalez keep it simple, its gross rent less taxes , Ins, PM ( property management, 8% of gross rent ) 5% for misl, and any other expenses, snow, lawn , water etc, divided buy your PP.

After Mortgage ($2610), Taxes ($1114), Insurance ($250), Water/Sewer/Trash ($400), Landscaping ($100), Security ($150), Repairs & Maintenance ($350), Reserves ($625) and 5% Vacancy Loss ($600), the Total Monthly Cash Flow is $6286.

You'll need to pump it out, get in there and tear up the bottom so water can drain out.

Here is an example of a house built inland that took four inches of water in Sally… it was mine.

Roofs, floors, appliances, hot water heaters, hvac, exterior siding or paint, etc.

well because i only have about 50k in equity and it'll take 40k to buy that house so all my money will be tied up so if a deal comes along ill be dead in the water.

It turned out to be a notice that the city was going to shut the water off from the utility bills not being paid.

My validation is simple because my "deal flow" is threading water/learning to swim.

You will need to find a good deal to make sure you are not under water each month on payment versus income.

As a result, any negative grading will let water flow towards the house into the foundation which means degradation of the foundation and water in the basement.