20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.

I give the address, amount of any mortgage(s), number of bedrooms and bathrooms, the square footage, cost of taxes and insurance, type of heating and air, comps from the area, and a list of recommended contractors, electricians, etc. that I know personally.

As for the investing I think right now we would like to just stay in our local market as it has been insanely hot for the last few years and still is.

So the more expenses the bank has on homes in REO state, the worse their income statement appears to investors on a quarterly statement.Now the 100 statement, a bank just doesn't make money out of thin air, they are able to leverage the money in their accounts like we do when we borrow from them.

I've been a little worried about how hot the market has been lately as well.

Got a letter from a low-life, scumbag, waste of skin TV contingency lawyer on that one.Then, a woman was driving her car while talking on the phone and carrying her hot coffee.

The hot water that was dripping out of the shower stopped leaking.

I'm a Quality Assurance Evaluator for the Air Force by day and an obsessed REI beginner by night.

So he was going to save LESS THAN $400, about 2 months of car payments on his new ride.I told him to add more air to his tires and change the air filter and he'd probably save $200/year.all cash

(I did it successfully)6am call because there is no hot water, thermostat burned out in the middle of the night.There's other stories I have too and I'm a noob at landlording, I've only had tenants for 3 months.So realize it's like MikeOH says it's not nearly as easy as the gurus say.