Except there are furnaces for every unit, and water heaters for every unit etc... 

I work full time so I'm not looking for a fixer-upper, just a nice place that cash flows and doesn't suck too much time.This deal is a solid duplex built in the 70s (most places around here were built in the 1880s.Asking $139,000 (but its been on the market for a few months)$1700/month rent (1.22% of asking price)tax $2700insurance $1400Maint.CapX (10%) $2040Management (10%) $2040Vacancy (10%) $2040NOI $10,18020% down at 4.5% interest for 30 years is $563/month $6756/yrCashflow $3424/year ($285/month) so $142 per unitI also expect over $2000 in tax benefit.That's a profit of $5424/$30,000 down for a 18% return on investment including the tax benefit.There is very little inventory in town for rentals, so I expect a much lower vacancy rate.Roof is newer, water heaters new, furnace new.

Typically the number of bedrooms or drainage fixture units (DFU), "water flow".

My partner and I have been leaning towards using our cash and doing just a single flip as we test the waters.  

Monthly Income (currently rented) 1100-no other income.Expenses: LL only provides garbage and water-this runs about 85 a month (have call into the city to confirm this)Taxes: $2,200 a year.

If its from a drainage or foundation problems, it could be a bit tougher.

This is long but here it goes:I hired this real estate agent to sell my property back in November 2013In Mid January I get a call from him that there is water coming into my neighbors townhouse, so he went to check to see what was going onwith the property.

Now I try to fish the waters ahead of time.

the higher end is ok but if they let water stand on it or you have a leak it will be shot also.

Can I file something with the registry of deeds in my county stating that the property at X location owned by Mr Smith has agreed to sell on this date to me (Tenant).Thats it for now thank you all for your input, I live in Maine and dont know how the laws differ from state to state, but if you can lead me to water i will drink.David