They want to sell each duplex for $60,000, but working with the Rental Calculator and increasing the rents to $600.00 each, I came up with the following:Purchase Price: $57,000Income:              $1,200Vacancy 5%; CapEx 7%, Repairs 7%, PM 15%, Property Taxes $158.00; Trash $30.00; Water & Sewer $60.00, Insurance $110.00, P&I $231.79 (after putting down 25%). 

Consistent screening standards can and do eliminate 99% of welfare applicants without discrimination.  

They were repaired last year so now, it's not to their standards again? 

The seller is under water on the house and is in the pre-foreclosure stage.

For example, I was buying a house  and I warned my realtor that I will be coming probably a month in advance and asked her to make sure The seller turned electrical on and water.

Doubtful the wholesaler is using a standard KCRAR contract. 

I have a lead on a 10 unit studio apartment complex and upon further digging, the landlord pays all electricity, gas, and water.

So here's the scoop a four unit with rent at $425 for a total of $1700 a month, asking $124,000.( owner pays water)It took a couple of weeks to get the cash flow report.

I'm totally ok with the idea of not improving my standard of living substantially, now, though. 5 years down the road I might crave those upgrades more, though.I don't think you're looking at it wrong.

It's not an original note state.Or...you could just entrust all of your life's savings to someone that will do all that for you and take a piece of it in exchange.When you've done all that, jump in the water.