., roof).5) Trash is usually landlord-paid in Atlanta (since it is billed to owners by the tax collector) and is about $500 a year. 

Seller assures me the 30 year mortgage was paid off 10 years early.

@Carlos Rodrigues If you paid cash I would look into the delayed financing exemption.  

When the sellers sell you the property the lien is paid off.  

Purchase Price: $105,000Closing Cost: $623Rehab: $57,000ARV: $250,000Rent Income: $24,600Taxes: $4,343Insurance: $1,748Utilities(Paid by Landlord): $1,472Capex(5%): $1,230Vacancy(5%): $1,230Maintenance(5%): $1,230INCOME: $24,600EXPENSES: $11,253CASHFLOW: $13,347 Feel pretty good with this property.

Seller was trying to do cash for keys but that didn't work so we paid $1 for an option to purchase in spring of next year and are filing it at the courthouse.

Rent is always paid on time and I have no issues with them.

@Kenny Sibrian I would look at some of the banks online mortgage calculators as well as the official website of FHA loans.

Looked online but only found generic samples that I could work off of if needed but if anybody has a really good one they'd be willing to share for me to work off of and customize for our LLC it would be greatly appreciated.

He told the other co-owner and they didn't contact me to express any objection.Two days later, the second clothing store signed a lease and paid a deposit.