Should I use the buy and hold analysis and just leave out the numbers (like down payment) that don't apply? 

Then propose one of the solutions above: simple owner financing (he will issue you a mortgage note and you would get title to the property,) "subject to", where you will get on title and leave the mortgage in his name and keep making payments, or "lease option", where you enter a contract to lease the property with the option to buy it in the future (you can sell it or buy it out.)

I would now like to try to collect unpaid utility bills and damages from a tenant, but I do not know where to start.Here's where I stand...The tenant moved out on July 31 leaving unpaid utility bills and damages of $723.29 (in addition to his security deposit).

The leaving tenants gave him a lead, nothing more.

All went well until we started to discover things that were not disclosed. to make a long story short, the seller and broker both knew (have proof) of converting a aerobic field into a parking lot and leaving the aerobic system in back of the property which fills up with rain water and leaves my sewage system useless. they literally abandoned the sprinkler and pump system and covered it with material. 

I couldn't be more happy in my career and have not looked back for a second after leaving the financial services industry.Best of luck to you!

. $200 below market if they never leave could be one of the best things to happen to you.

Seems like renting it with the above numbers would leave you, at best, very lean, and, at worst, in a negative cash flow position after accounting for property management, vacancy, repairs, and Cap Ex.For example:$1,800 Monthly Gross Rent - $1356 (PITI) - $180 (10% for Property Management) - $180 (10% for Vacancy) - $90 (5% for Repairs) - $90 (5% for Cap Ex) = -$96 Net Monthly Cash Flow (It would be even worse if you could only rent for $1,700 per month)While you might not need repairs or capital expenditures in the short-term, with a 12-year old house, you're probably past the midpoint on the useful life of some of the systems in the house (e.g.

The data I've seen predicts growth into 2020 and then leveling off for a bit.It's likely I'll be leaving the city next year.

Yep, returns can still be excellent, but if you're making $60k on a wholesale deal, I should hope you're leaving a lot more profit available for the end buyer, as they are going to be the one taking on all the risk.