I'm in Texas so we have places with electric water heaters and furnaces too so that's why I said what I said.

Condo conversion address 1613 6th St Berkley CA7 unit apartment complex sell price is 1.52Msix units are 2 bed / 1 bathone is a 3 bed / 1 bathall units have their separate gas and water meters and parking space, there is even a common space available set up in the complex.Condo compatibles are $400,000 plusEven without the conversion I am told the rent are $135,000 per year cash flow.After talking to the planner at the city, most of the conditions have already been met by this particular property.It will mostly be paperwork to convert and put in place an HOA.

Mostly b/c I like to fly fish and ski up there, and also b/c it was a homepath (fannie may) steal I couldn't pass on.RE: Denver, I'm getting ready to stick my toe in the proverbial waters of REI, probably fix n flip vs. landlording at this point.

Typical 1/1, but in her bedroom I saw 2 spots she has a bucket collecting water leaks and the ceiling sheetrock is stained.

The problem is the circuit breaker and water heater are both in the garage.Just brain storming at this point.

Water is separate though.

Amount of insulation, windows, grey water, etc.

I can tell a great deal by looking at ones scope and estimate.Anyone interested, please PM me with contact info and we'll call shortly after the holiday.It was a new construction that was never finished and had some water damage.

Asking Price: $145,000 Conventional Loan Terms: 30yr @ 4.75% w/ 25% down payment $575 Gross Rent: 2300/month; 27600/yearly Seller Disclosed Expenses (Unconfirmed): Taxes: 1352 yearly Insurance: 1600 yearly H20 & Sewer: 528 yearly Expenses: Using the 50% rule, or 60% for expenses rule since owner would be responsible for utilities (sewer & water): 2300x 60% = 1380 for expense other than Principle & Interest (P&I) Vacancy @10% = 230 PM @ 10% = 230 Repairs/Improvements@13% = 300 Insurance = 134 (seller disclosed) VS. 160 (estimated) Taxes = 113 (seller disclosed) VS 125 (estimated) Sewer & H20 = 132 (seller disclosed VS 210 (estimated) $1380 - 1255 (My Estimated Expense Total) = $125 P&I Payment and Profit: 2300(Gross Monthly Rent) x 40% = $920 P&I = 575 $100/Door Rule x 4(Fourplex) = $400 $920 - $975 = ( -$55)/month As you may notice, the seller's disclosed expenses vary greatly from my estimated expenses.

They must sen in the utility request turn (sent to you in your signed docs from hud) on sheet with a certified check for $150 to huds property preservation company if they want the water on.