After we had begun utilizing investor capital to purchase assets, the market crashed, and we had to learn how to make money working distressed assets without equity.From our experience, I became a strong believer that notes is a ‘learn by doing business.’

Who pays the utilities?

The challenge, as I see it here, is that this is probably a "one-and-done" deal for most all but the most visionary buyers.How does this opportunity rate using the DUST model: (desirability+utility+scarcity+transferability) ?

Thus driving almost all monthly costs related to utilities down to nothing.Habitat Super Eco House

Purchase Price:  345,000              (342,500 +2500 repairs)Downpayment:   20%Rent: 2300 monthly                       (Conservative Market w/o utils)Financing: 30yr @ approx 3%Property Tax: 2280Insurance: 1010Yearly Maintentance: 1000Closing Costs: 3300Mortgage Payment: 1146Return w/ outsourced PM and 7% vacancy:Cash ROI: ~8% annuallyMortgage paydown+ cash ROI:  ~15.8%House is in good shape, in mature neighbourhood, house build in the 50's.Thoughts??

I see it as tool to add to the utility belt. 

At current rates for that building, the gross when fully rented will be 2.5% of the purchase price (of course we don't know what the bank will take on the short sale) and the building's structure and utilities are in great shape.  

- it's always good to see another Hoosier utilizing this great site!

Safe, no crime to speak of, kids playing and people taking walks when I drove by.I asked selling agent for rent roll and utility bills.  

I would appreciate any feedback.Purchase price $700,000DownPayment $175,000Loan Amount $525,000Closing costs and some repairs will be taken care of by the seller and realtorGross Annual Rent (4 units) $ 57,600Gross Annual Expenses $17,665 (maintenance, taxes, utilities, insuranceDebt Service: $2660/ month $31920 annual