You could get a job today at Dairy Queen that pays more than you're making.The only thing that separates your life 5 years in the future from your life today is the books you'll read, the people you'll meet, and the education you'll acquire.

She's entertaining a $170K option purchase offer.She's willing to enter into separate master lease with sublet rights for $600/month.The property seriously needs cleaned up and could use a coat of paint on the exterior, but is otherwise in halfway decent shape and very structurally sound.After cleanup and residential rents, FMV should be $220K.

20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.

(Use it only for that, and don't separate the pen from the pad) Setup your notepad.

It is a separate transaction.

The point is to create a separate route.

You also need a quit claim deed, in case there is a divorce/separation situation, so one can quit claim to the other.

You will sign: "For ABC Company, LLC, Joe Investor, Member" You will do the same thing for the Option, if that's a separate document.

Asking price $450kNOI: $4100 per monthTaxes: $5000Insurance: $3000Sewage: $1300Water: $1000Owner pays the gas for the whole building about $3500 - $5000 per yearEvery unit has separated electric meters There is a 230k mortgage on the property with monthly payment of $2300 Taxes and Insurance are included in the payment.

Both units have separate entrances, laundry hook-ups, separately metered.