. $400, $450, $525, $400All units are 2/1's, with two (if I remember right) covered parking spots behind each unit.Sits on 2 separate lots (2 triplexes, 1 per lot)2014 rent gross was $18,5752014 Expenses totaled $14,098Net cash-flow was $44762015 up to Sept. 1 gross rent was $22,477 (guessing they changed rent on at least one unit)2015 Expenses total $8839Net cash-flow so far $13,6162014 Expenses seem high.

:  Poor management and repairs needed in many of the units.If I could bring the property up to market averages by renovating the units and getting a decent property manager in there, these are the numbers:90% occupancy at $550 per unit = Gross Monthly Rental Income of $31,900.Yearly Gross: $382,800 x 50% ruleNOI: $191,400Tear this apart, tell me what I'm missing and if I should run for the hills or lock this down?

Any suggestions for how to reach those employees? 

Sales commish3. holding cost   taxs insurance utls.4. seller paid credits 5. closing cost paid at the sale.what they give you is 3 gross numbers which achieve a gross profit..  

Most lenders are going to want you to be at 35-40% of your gross income for your note.if you think you have that all lined up, then just start talking to 2-3 mortgage brokers for pre-approval letters. 

We would receive information from the sales rep or broker once a group health policy had been sold (employee benefits packages) and make sure everything was legal, have it input in the system, bills produced and employee ID cards issued.I think my background in project management will be helpful, but not sure how to get someone outside of catering or health insurance to give me a chance with no background in their field (i.e. real estate, construction, etc.)Any advice?

I'm very attracted to deep value situations, which to me means gross cash flow generation above the 2% mark (to give a general metric).  

I created employee stick option plans.

This is going off of Gross pay on his check stubs. 

Ft          3 bedroom 3 bath 1 garageThere are two long term tenantsNear local college Monthly Rent =$1355 for all three units Median Rent in area is $550.00 per unitProperty Taxes 2994Insurance 600 per yearInterest Rate 4%Tenant pays heat and electricDown Payment 29679 (includes 4134 closing costs)Monthly payment 754.49 includes insurance and taxesMaintenance  1620 Gross Income $15447Utilities = $1500 (Gas, water and trash)Admin Costs $300Total Expenses $7014NOI = $7620$10,000 set aside for improvementsCap Rate = 7620/97134 = 7.84Cash Flow = 2095ROI = 6% (2095/34884)Please let me know if these calculations are correct.