I am not exactly sure on the total costs because I have never purchased anything over a 4 family.

That would put your total price at $181 instead of $193.

If its just you and the tax lien for a total of $340 and you're confident of the $650, there seems like plenty of room.

-----"What I wanted u guys to figure out is this: Find the sweet spot/range for the best ROI in % for the following: Property value between 125k to 350kmortgage rate between 6 to 8.5%rental income is 10 to 12% a year of the total value of the propertyproperty tax is 2%management fee is between 25 cents to 45 cents per sq ft.property size realistically will be around 600 to 900 sq ft for this price range.

Yea that totally stinks, literally.

will need some renovation I know this is vague and a property has to be looked at so a guesstumation (my made up word, meaning I guess the price could be...smile) would be appreciated.This is the property:Size24,000Price0TypeDevelopmentlocation NYCDescription24,000 SF Development Site (240' X 100'), Includes Loft Warehouse, 80' X 100' Vacant Lot & 3 Townhouses, Total Buildings Size 46,010 SF, R6 Zoning, $30,086 Taxes.

You can have no security and no guarantees or you can have Total security, experience, service and guarantees.

I have some real estate knowledge in the area of commercial and residential so I not a total novice.

Purchase price 45K, rehab/holding/closing totaled 13K, all in at 58K.

Even then, the cities are starting to crack down on the total number of non-related persons that can occupy a property.