. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

As soon and the rent is deposited, I transfer it to my standard rental account.

I’ve asked owners for rent rolls and expense summaries, including insurance costs.

Many of these distress houses are far behind on taxes and insurance and hoa fees, etc.  

I would like to know what student market rent should be if standard is $1750/Mo.  

Standard is for me is high end clients who want to improve their home and return the beauty into their ease style and comfort.

FHA is great if you're going to owner occupy 2-4 unit, but conventional 5% wins on SF-- the mortgage insurance cost is lower and easier to remove.

Will,Part of the problem is you did renovation work, which triggers bringing items up to ADA standards, i'm surprised your code enforcement officer ( building inspector) did not pick up on that when you filed for the permit ( you did get a permit for the work didn't you?

@Steve Uhlig if you want a copy of the Standard plain language lease endorsed by PAR (PA association or Realtors) let me know and I can email you a copy.