The property has 26 rentable units (14 trailers, 8 units in a single stick built structure, and 3 RV spot rentals) The asking price is $250,000, OBO.

With only 80 units though, nearly every which way I underwrite the numbers, payroll and fixed costs eat up any profit unless its either expanded or the RV/Boat/Car spots are fully utilized. 

As I build my network these are my blind spots. 

We could do with less time but the new tenants couldn't move any sooner...If the apartment was going to sit empty for a while, I would clean it right after the lease ends- best time to spot any repairs to be made and anything that might need to be deducted from the security deposit.  

It's spot on and everyone considering working with investors should read it.Good luck and let's hook up when you get to OKC.

It was clear that their sweet spot was above 60, and 71k was certainly there or above it.

You put your friend in a rough spot as I can only imagine that your friend was well aware that your girlfriend and her mom were living there.

Also, your utilities shouldn't be factored when you move out, so in terms of 2 years, you'll break a little more than even.740/month = 8880/year1st year = -4440Down Payment = -6300Total = -10,7402nd+ year = 8880/yearYou should be positive in the 3rd year 1st Qtr overall for your investment minus major catastrophes, exes, axes and aliens, should be good to go...at least on this investment providing your numbers are spot on.What year do you plan to refi?

Beware - rehab costs need to be spot on, ARV needs to be spot on.

My favorite is Gary, but last time I needed him he couldn't do crawl spaces due to a surgery.http://www.accuspectga.com/He recommended Mike, who did a pretty good job.http://www.homeinspectionsgeorgia.com/I like that both of these guys own their business so I they are pretty responsive and have good communication.