I have had difficulty showing in January and February due to weather and have had a water freeze disaster (because power went out) in early March this year.

No one would know it's not laminate -- until they spill water on it and it's not ruined.

Vacuum, use damp cloth not water to clean and use Shaw R2x or equivalent.

They are obligated to pay yes. but that does not always happen.you can't get water from a rock.It is just part of the business.

If the guy is just this side of a crook, then he'll reject any deal that would allow the buyer to make money.Here are the numbers as I see them: (notes here)Mortgage Rate 5.00%Length of Mortgage in years 15Monthly Mortgage payment $1,601.36 (195k principle)Taxes $125.00Sewer and Water $300.00 (I don't have a clue how much this costs where you are, but this is about what it would cost me to run 9 units)Trash $200.00 (I have 7 units on a $150/month dumpster)Heat/Utilities $- (Are there any common lights?)

Maybe the current past retirement age owner just didn';t want to fool with the financial calculator math to figure out if it made sense.I do know that one park had master and sub meters and there was a 30% difference in water used at the master vs out at the sub meters.

The owner supplied the numbers for Gas/Electric/Water.

So one of my tenants has a $700 water bill.

.: $1,800Repairs(Not Much Needed): $3,200Utilities(Water, Common areas electric): $1,500Maintenance(5%): $1620Lawn/Snow Removal: $1200Total Operating Expenses: $12,520Net Operating Income: $17,180Annual Debt Service: $9155Cash Flow: $8025Cap Rate: 9%CCR: 16%Am I missing anything?

You really got hosed on that "upgrade".