We removed 60 yards of debris. that included no finish work, no plumbing electrical or HVAC.

The electric has not been paid in nearly 2 monthes and is scheduled to be shut off by the city. 

. $40,000, interest only for 4 years.Financing: $100,000.00 (commercial loan I think)I will cover closing costs, after close fix up etc of about $20,000.00 (cash in bank)Rents per year $37,000Expenses per year: $22,179 (not including any financing costs)The interesting part of this deal is that the units are individually metered for gas (heat) and electric yet the landlord pays these bills.

I know there's many different ways to evaluate what the company is worth, I'm just curious how other people with experience in this area would think through the negotiation.Initial investment: $15,000 each/$30,000 totalAcquired 1 property for $24,500Have put about $10,000 worth of work into the property, some demo, updated electric, moved plumbing, new windows, new door, some framingCurrent value of property is hard to determine, there aren't any good comps but my gut says it's worth about $40-45,000, will be worth about $60-65,000 when finishedPartner has made personal loans in the amount of $25,000 thus far (I think 4.5%, cannot readily find the agreement), with interest accruing to be paid out when property is rented, refinanced and loan paid in one lump sum.

We always try to make a lot of repairs upon acquisition or vacating of units to prevent much deferred maintenance down the road. 2) Make sure to take into consideration what utilities you as an owner would be paying; nothing, water, common electric, etc3) I think you’re safe at 10% PM expense. 

For example, FHA requires that each of the units must have separate electric meters.

HUD allowed water and electric in my name for 48 hours.

The renters are currently paying their own gas and electric, albeit renting "per room?"

I will paint, I will do flooring, I will do some electrical/lighting, but I will never refurbish cabinets myself.

If you could work your numbers (lower buying price, reduce rehab) so that you could exit at 250k, you might be getting pretty close.Just verify your rehab numbers. 40k on a full gut rehab with roof, electrical and plumbing is going to be really tough (at least in my market).