It will set up faster if you use warm water and put a fan on it.

Any manner of vernon, water, vagrancy, whatever could be going on over there and renters aren't invest enough to put up with it.

@ Natalie Wright if you go under the learn section at the top of the page and drop down you'll see the link!

I could spend 3-5k on each of the upper 4, the 2 lower units are not even close to ready, flooring cabinets ect.Owner drops other shoe: The commercial lender has decided to "Not renew smaller property loans" (As per owner)He has received a "Foreclosure notice" yesterday, He also mentioned the bank did an "Environmental exam" a few days ago.He owes $258k on the property, an educated guess tells Me it will appraise between 175k-225k depending on who wants the appraisal.I know most would run away and I may do that.

Month-month leaseEach unit is individually metered and tenant pays utilities except for the following:Electricity for section 8 tenant only (2,100/yr)Water + Sewage for entire house (1900/yr)Property Taxes: 7,808Insurance: 1,500 per yearSummary: (annual basis)Rental Income: $37,260Operating Expenses: $13,308 (35.7%)NOI: $23,952Mortgage 30 yr @ 5%: $10,307Net Income: $13,645 $4548/UnitThe following expenses were receieved from the owner.

.$1300 in Rent against the following expenses on your original numbers:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $643.78Taxes $150.00Sewer and Water $-Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00 (this is a bit higher than your number, but not major in terms of the entire deal, and yes, it is a realistic number)Insurance $100.00Mgmt Fee $-Vacancy $104.00Total Expenses $1,147.78

Old HVAC/boiler units, old water tanks, etc. can add up.It's very possible you have a good deal.

And then we got slammed at my job and I had to put this on hold.We have now slowed down and I now have told myself that hell or high water, investing is not going on hold again.

The insurance adjuster wrote an estimate and then sent me a check although I told the adjuster I had not agreed with the amount of the damage due to the house water damage.

Well I had a 2000 foot long 24" storm water pipe running thru the back of homes that collected water and discharged it into the retention pond.