Things can easily get lodged in garbage disposals and prevent the blades from spinning. 90% of the time that is the problem. 

During the winter months, if someone cuts your gas lines, you can easily have your pipes freeze and burst leaving the water running inside your property.

Made myself some spreadsheets so I can compare numbers easily. :)Sounds like you're doing things right, those are some of the things you need to research when deciding where to invest. 

We access this shed easily from a public alley at the back of the property where it sits next to the alley and is not within the confines of the fenced yard.

We DONT do criminal check, which is $31 by itself but we could easily enough.

Since the property is currently vacant, all those numbers are currently 0.After rehab and occupancy, assuming the numbers he listed were accurate and assuming the 50% rule, the NOI would be about $54,000, the cap rate would be about 12%, and the ROI numbers would be dependent on specific financing terms.I don't know where this building is, but assuming a local cap rate of 10%, the ARV would be somewhere in the $500-600K range, so a purchase price of $250K with $150K repairs isn't a huge discount, and probably not enough that he'd be able to easily wholesale the property.That said, market conditions in the specific location would contribute; if apartments are selling for a premium in that area, it might be a good deal...

(Mark Taylor).I really liked the SureDeposit service and the Mark Taylor people told me it works really well for them, and it also allows them to sign up tenants more easily because the tenant has to shell out less cash.

They're cheap, but also easily damaged.

You be the money guy, let them take the headaches on the Section 8 properties.You might consider the paper game, buying notes and flipping those for a profit, that's easy and quick and your returns can be easily doubled in a year.Speaking of paper, I shyed away from mobile homes, but financing them with park owners and finance the owner.You're in a good position to do several small deals in a partnership.

With a job, good credit, and the down payment, you should be able to get the loan fairly easily.