Here are the numbers:Asking Price $495,000(they had it listed at 399 about a year and a half ago)Year Built: 1995(10) 2/1 units, 1100 sq ft townhouse style with laundry in attached shed, very poor design on laundry in unheated space)$6175 Gross monthly rent (9 units@625, 1 @ 550)$74100 Gross Annual$6272 Taxes$1900 Insurance$7410 Property Manager (figuring 10%)$950 Garbage$4968 Water/Sewer$7410 Maintenance and repairs (figuring 10%)$1200 Snow/Lawn$7410 Vacancy (figuring 10%)$37520 Total Annual Expenses$36,580 Net Operating IncomeThinking we could get it around $425,000 so 8.6% cap rateI know I need to factor in the loan/closing costs, I'm in the initial phases of finding out what that would be.

It was an honest mistake and my supervisor at the time ok'd the payout but it was legitimate grounds to deny the claim.

I have skills in all areas & have built many a building from the ground up - including digging the basement laying the block - shingling - plumbing - electrical - framing - everything.

So my partner and I finally get our offer accepted and move to the due diligence phase.

Just kidding… Seems like we have beat this one into the ground… I give...

The "Planning Phase" is definitely a mindset that can be broken.

While one may only be proposing to fix a couple of broken tiles you can see from the ground the other may have found more issues and may be proposing to do more work than the other.

Minna,When there is a full bathroom on the ground floor the property might be changed so that there is also a bedroom.

Yes, perfectionist, but my rule is, if I can save a buck, and have the same exact end result, and the only risk is fines, and I can validate as such from my past experience, I will risk it. 20 homes later, 1 ground up, 5 jobs since I was 16 in labor, Im confident enough to go with what I have gone with the past 17 years.

Or get a mobile hot dog stand and sling ground up cow and pig lips for a living…Sorry, did I go too far with the cow and pig lips?