Powers, in CA, are found in a separate document entitled Letters.

House bought in 2009 with $115,000 left on 30 year note.Pmts w/o Taxes&Ins = 705.11 @ 5.8%Property taxes paid separately @ $3360/yrRent estimates at $1300/monthIns pmts about $200/monthRenters would be responsible for utilities and lawn care.If I pay taxes up front that leaves about $400 profit.

Using Account Closed Worth- 50-55k Owes- 45-50k, $590 payment (includes taxes, Insurance separate about $45/mo ) Why- Debt relief, it's a rental that's too far away, lives in city and rents it out Property Info- 2/1 Brick SFH 1025 square feet , finished basement, Brick garage Area- Streator IL - kinda far out from me, so I'm unfamiliar with the area.

Utilities are separately metered and paid by tenantsExpenses:Taxes $2100Water $1200Insurance, I don't knowRepairs, 10%, 1440Reserves, 5%, 720Vacancy, 1200Net income of $7032Both tenants have dogs.

The unique part of this property is that it has a detached garage with a separate living area that used to be a daycare that I could easily turn into a 2/1 rental for under $1,000 renovation.

Understanding and negotiating commercial leases is a whole separate body of knowledge to acquire or hire.Depending on the terms of the commercial leases and the local apartment market I would build in a vacancy factor to the NOI.

Any suggestions are welcome..FYI it has a income rental behind it "on a separate lot" that I also own, It needs rehabbing as well , it has 2 efficiency apt on the 2nd floor 1st is a 2 car garage w/ storm cellar future plans to add a 2 bed apt to 1st floor1935 buildpurchased for 60k20-25k budget to dress up40-60k budget for additioninterior is in descent shape..rent estimate of $800+/- 2bed, 1200+/- 3 bed & garage

He suggested we form a partnership where 25% of profits are put into a general business fund and the other 75% is split evenly between the two of us.We haven't outlined separation of duties yet and I'm curious what the duties should be aside from him teaching me what he knows.

Double close: You actually buy it, and have a Separate purchase contract with your buyer.

Hello,I recently purchased a single family home with a separate stand alone building, complete with chimney and fireplace, that will make a great studio rental (appx. 400 SF).