To figure out how much to put aside for capital expenses have an inspector tell you what's the useful life on big components.For example, if the inspector says the water heater has 5 years left of useful life and the roof still has 10 years.

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.