I used to do all my own property management, and about a year ago I hired an employee that does it.

IMO, The math works pretty good on that thing as presented. 94k in to gross $27,600 a year will get you in good financial shape fast with leverage.

I am assuming it has mold issues from the looks of the exterior (gaping hole in the exterior wall), and it is just plain gross.

The lower-end neighborhoods are better suited for the FT investor, or a couple of partners, who purchase a slew of them dirt cheap, have their own $10-15/hr labor to rehab and maintain them, manage the tenants themselves or with an employee under their direct supervision, and have the right personality for it.

I'm not sure how many jobs they have here total, but they're building a $4.3 BILLION campus here that's supposed to bring in 16,000 new employees.

How many units total, gross rent, debt, etc.I agree with @Jerry W. about having 6 months reserves.

The building was grossing $3,770 when I picked it up.

I own my own business and for the past four years I have not recorded and income. my credit is terrible. my wife has a career job grossing about $80,000 per year. her credit is also not very good.

Hello, I am just wondering, How much does it usually cost to provide health insurance to your employees?

This is an extra expense to the employer and is NOT withheld from the employee.