I am aware that the neighbor had the water shut off from the street because a pipe had burst in the basement one winter.

I am aware that the neighbor had the water shut off from the street because a pipe had burst in the basement one winter.

A new hot water heater in a 2/2 renting for $1300/m costs the same as one going into a 2/2 that rents for $700/m, etc.

PROPERTY MANAGEMENT□Have you compared the cost of managing your properties yourself to the cost of contracting with a property manager?

Hi, in regards to the comps, you could compare revently sold by $/SqFt and compare to what you are getting.

Duplexes aren’t appraised on cash flow, but on comparable sales only.

A "negative cash flow" investment (that you'd likely be getting downtown) does not necessarily mean "bad", and a "positive cash flow" does not necessarily mean "good".Each property needs to be looked at on its own merits (and compared to similar sales nearby).Many hundreds of threads here on BP only give the specifics for a particular property, but with no mention at all about what other surrounding similar properties sold for.But Arthur, you won't do that, right?

Thanks BP community:Earlier this year I found a 7 unit converted house, submetered gas and water, fully rented, stable market just received marijuana plant with 130 jobs, and have a 72-year-old motivated seller who is unloading some of his properties as his children don't want them.

Owners debt heavy (1st mortgage $219k, 2nd mortgage $42k) Sales comp $255,000 July 2017 (I walked this one and it had basement water issues, near highway and less land) My offer would be:Assumed their 1st mortgage for $219k.

Who pays water/sewer bill, garbage collection, any common area electric?