I work that into my acquisition numbers.An older furnace, also drives up the Utility bills for tenants and they move out quicker because of it.

I hesitate to mention how loans can be designed sometimes as I know we have a bunch of "thinkers" here that may jump on something thinking they will know how to DIY something, so I really suggest the use of a mortgage originator to ensure affordability and an attorney as to compliance!

You can utilize them as subsidiaries of one another.

I plan to do that until I have a large enough nest egg that I am comfortable not setting aside more money.My ideal property is a multi-unit with all separate utilities.

BK is designed to protect assets, and not unnecessarily give them away.There are so many options to help the sad situation and protect the property, and therefore the estate/heeirs.

nice) and have killer rehabs without the need to hire an interior designer and do extensive staging.

NOT USING AN ATTORNEY NOT WELL VERSED IN FORECLOSURE= I have seen hundreds of closings where the buyer was utilizing an attorney or settlement agent who did not understand the concept of Insurable Title, or that Time is of the essence when it comes to deadlines.

Taxes, insurance, debt servicevacancy rate, repairs, mantaince, utility bills ( a vacant unit in Indiananeeds heated in the winter to prevent damage).

I remember only 4 years ago or so paying a guy over $800 to design a site for me.

Site located right across the street from tourist train depot depositing upward of 50,000 visitors per year.Buidling renovated with new systems about 10 years ago - pretty good condition, etc. 100% leased presentlyRents (6 tenants) - $42840 ann.Expenses - Management - $3500Taxes - $2000Water - $720Insurance - $3500Vacancy $3500 (+/-)Repairs $2500 (tenants responsible for interior maintenance - LL is only shell of building and HVAC systems)No common area utilities - all seperate meteredNOI - $27120 (8.34 CAP) - with zero down.Although it shouldnt matter in the deal eval., seller has agreed to finance $100 K (on a second to close after I do the first mortgage) at 0% interest for 5 years (principal pmts.