Don't forget to add in all the items that everyone leaves out of their APOD when they are marketing their property (management cost, repairs, professional fees, etc) With a 12 unit depending on what your business plan is shoot for $800-$1200/month positive cash flow.

Hi-I have a replacement vinyl window that will not 'lock' in the open position.

You should have your own written or at least reviewed by an attorney so you are protected.Should there be a problem, the attorney that wrote or reviewed them will be in a much better position to defend you.

I'm still in a good position, and I'm working hard on preserving that!

Adrian, what is your position?

If you're in a situation where you job (or whatever) can make you move suddenly, leaving you in a pinch, you don't want to get into this same position again.

I'm not sure your position but that might not be the best thing to do.

In my position, I need to write them off against income.

Originally posted by James P:We planned and strategized what we would do WHEN he said no.The key to eternal optimism; maintain a positive attitude by expecting the worse.Robert Ringer - Winning Through Intimidation

So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.For rehabbing: (ARV * 70%) - repairs = Max Purchase PriceFor Renting: Rent * 50 = Max Purchase PriceI would like to buy a property to Rehab, but be able to fall back and rent it if I can't find a buyer quickly... while also having positive cash flow after mortgage and operating expenses.If I put an offer on a property for $25k and the ARV is $50k (if I put in all new flooring, paint, and redo the kitchen and both bathrooms) that leaves me $10k (According to the formula) for repairs which I could likely do if I'm doing it all myself.BUT...That would have me with $35k into the property, and I am only confident of being able to rent for $600...