Ohhhh k, so I guess I can get it for $82.The numbers are belowIncome:Unit A Rent: $495Unit B Rent: $555Unit B Pet Fee: $10 (wow)Vacancy Estimate: 8.3% (one month/year)NRI: $972/month $11,660/yearExpenses:Management: 10%($97/month)Leasing Fees: $75 (only for turnover, not renewals)Repairs/Maintenance: 10% ($97/month)Taxes: $54/monthHOI: $65/monthUtilities (water): $80/monthLawn Care (every other week for half the year): $38NOE: $444/month, $5,324/yearMortgage (20% down @ 5.125%): $357NOI: $528/month, $6335/yearCash Flow: $171/month, $2049/yearExpense Ratio: 45.7%Cap Rate: 7.7%Rent/Value Ratio: 1.29%Cash on Cash Return: 10.9%Anything that you guys see I may be missing?

Does anyone agree with this opinion, which implies I could even evict them now unless they could show a lease that specifically allows pets:[quote]If your lease does not state you can have animals in the property you can't.

Based on the lease and review from the former PM, tenant A is still owing pet deposit since Start of lease and is currently past due by 1.5 month.

I make my properties pet friendly and the pet fee is free extra money.Never had pet damage, only people damage.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Not sure if it's the property manager or possibly the owners fault but how can you have a rental property listed and as soon as you walk thru the door...boom "Pet Urine".. disgusting.  

Never paid her entire deposit, owes late fees, had unauthorized pet, did not take care of appliances and sink drains, called police on my husband for being in the shed that only we use and she knew he was going to be there. 

You will want to know what other items could fall under "other income" i.e. pet deposits, trash, utility bill backs etc.

Personally I don't want one of the tenants because they broke their lease by getting a pet, when their current lease states, "No Pets" and the current owner has had several issues with the renter.  

The property is no pets.