You came into real estate assuming it was the best way to use your energy and time, so there is no better way to spend it.

just returned from deployment I'm looking at this property to buy, so i can focus on school, and not work17 unit and 12 unit building17 unit building mix15 unit rooms at $328 a month paid week 2 units $640 monthparking laundry incom $87total month $6150Total Annual $7400012 unit building mix8 efficiency $520 a month 4 rooms $390 a monthparking laundry income $152/monthTotal Month $5700Total Annual $68000Actuals from RealtorMONTHLY INCOME For 20092009MONTHRENT COLLECTEDLaundryTOTALRENT COLLECTEDLaundryTOTALJAN$5,810$100$5,755$100FEB$3,430$100$4,055$100MAR$3,782$100$3,640$100APR$3,030$100$4,573$100MAY$5,507$100$3,580$100JUN$4,392$100$3,277$100JUL$5,467$100$3,060$100AUG$5,730$100$4,526$100SEP$4,390$100$6,855$100TOTALS$41,538$900$39,321$900AVERAGE MONTHLY INCOME$4,615$100$4,715$4,369$100$4,469Annualized Average x 12$55,384$1,200$56,584$52,428$1,200$53,628expenese2008 Taxes (actual)$5,716$7,985electric (actual)$9,252$8,352Water / Sewer (actual)$1,362$2,118Insurance (actual)$1,350$1,455Rooming License (actual)$216$0Repair & Maintenance (projected)$3,000$3,000management 5% (projected)$3,190$3,101Reserve (projected)$1,800$1,800Total Expenses$25,886$27,811On market for $603000Am I overlooking anything, it seems with favorable financing this property well work out nicer.Great first investment to set up my business a foundation if you well.Looking for insight, help, things to look out for, great loan companies, cash partners, anyway you can help I'd very much apprecitate it.

As I figure it, each 4-plex running at max efficiency should be worth $250,000.

Instead of talking to a lawyer, direct your energies into getting a clarification from the negotiator.

Where are you planning on focusing your energies?

When you're organized you can be more efficient.

They told me they didn't think they had to pay more because they had a really high electric bill from December's energy because they had to use a space heater to heat a bedroom for a couple weeks while i replaced their heater. ...

Just wanted to point out that Efficient Market Theory (EMT) assumes all discounts are factored into the price, so the worth of a stock is the market value.

That would be the technology that makes alternative energy sources.But no - we send it to China for processing.Makes a lot of sense right?

If you try to install special thermostats, the tenants will trick them.Once upon a time, specifically, before 1973, energy was just dirt cheap.