You can show a horse water, but you cannot make it drink....

They are suggesting that we purchase the building with all of the equipment as well( ovens , fridge, tables, etc ) They are giving us a number of 750,000.

He simply paid for renovations up front at the closing table and updated the HUD to reflect by providing the invoices for the rehab.

Most companies want a pitch so water does not accumulate.

(In our locale, the developer does not pay to put the sewer/water/roads in...the city does and then levies a "specials" tax payable for 15-20yrs by the lot owner)I think I have found a partner though I'm not sure - he doesnt seem as excited about the opportunity as I do.  

Water/ sewer/ garbage is about the same cost for a 500 square foot unit as it is for a 3,500 square foot house, so utilities become a bigger percentage of total rent and costs with smaller units.Collecting rent is time consuming.

Hey everyone, Hope it's a good morning.For single and multi-family properties do you typically have a gross lease where your tenant pays a fixed amount every month or a net lease where your tenant gets the water, the heat, utilities, etc. and they pay it on their own?

I think taking ownership, keeping it professional, and staying business focused will set the bar for what you bring to the table as a Landlord since they don't know you.  

@Courtney Cottonso in my experience the insurance company has tables and formulas that they use for appraisals.

. - City sewer - City water - I've got a written note from urban housing and development saying that I'm in compliance & would be grandfathered in.Is this a good deal?