Purchase Price: $335,000Loan: 30 Fixed at 4.875, 25% downRents: $4,300 (conservative but reasonable)Utility Bill Back: $200 (Should increase at release for the current tenets)Utilities: $7,000 (Based off their actuals plus some fluff)Repairs: $2,000CapEx: $3,600Vacancy: 10% (Somewhat a shot in the dark, I can't find any good data for the area)Taxes: $7,700 (Current tax rate times the purchase price)Management: 9%Cash flow with PM: $450.94 per month Cash flow no PM: $815.44 per monthIt is on a well and septic.

There I was in this dark, stinky, dirty basement excited about my new adventure and also internally paranoid that arachnids & their kin would be landing on my head at any minute.

Not sure what to make of this. ...I can attach the inspection report, but here is a brief summary of what we asked the seller to fix: - Electrical:---- Secure wiring properly that goes to AC compressor outside---- replace some GFCI ---- Add smoke detectors to all units---- Fix breaker box because there are missing breakers where live AC is exposed- Plumbing:---- Hot water knob on bathtub didn't work.

The current tenants smoke in the house.

Try calling a local fire or smoke restoration company they may know a little about local codes and also put you in contact with someone who can answer more questions.

Now big box space that can happen but if the smaller free standing NNN corp (not mom and pop stuff) goes dark but demographics and median income and population growth is strong for the location you will have many new tenants fighting for it.

Make sure every tenant has a lease2. what is allowed and what isn'ta. pets, smoking, number of people in the unit, amount of security deposits, amount of rent/month.

Usually I'll include the number of bedrooms/bathrooms, square footage, briefly work in selling features like hardwood floors/updated kitchen/etc, and on to details like monthly rent, security deposits, pets, smoking, etc.

Two reasons for this is that it would be very difficult to do that one unit at a time and tell the new tenant their rent is $575 when everyone else is smoking weed for a living and only paying $450...

YIKES..You have no respect for the man and his money and that is why you will lose it because you place so little value on it...The great news is one day your money partner will wake up and realize that you have more smoke than a chimney and then I guess you will just have to sweet talk someone else into letting you have over 100k for 3-5 months that is until you decide what return to pay them.