Dusty, why on earth is your agent telling you this?

I will take a solidly built brick 60-70es in lieu :)Supply or drain side?

House flipping is what I think I was put on this earth to do!

Otherwise, I've relied on my PM, who is excellent, to send me annual inspection reports with photos, and from time to time, I google earth the house, although I know those photos can be out of date.

Either to get a quick cup of coffee or pick up supplies.

Nolo Press, Realtors, other investors and usually even your local office supply store.

Gross Annual Income $28,800 Vacancy Loss 10% $2880 Adjusted Gross Income $25,920 Property Mgmt: $1944 (7.5%) Maintenance/Supplies $2592 (estimate based on 10% adjusted gross income) Water/Utilities $0 (tenants pay all utilities including water/sewer/trash) Annual Mortgage $12,036 (includes insurance, taxes, and PMI in payment) Estimated Total Annual Expenses $19,217 (mortgage/taxes/insurance/PMI, vacancy loss, maintenance, property management) Estimated Annual Income $6708 Estimated Cap Rate 12.33%

When the prospects walk through and they ask about the appliances I say that most of our tenants have their own but the landlord will supply them [stove & fridge] for only $49 per month.

rent movement is supply and demand dependent each market, sub-market, and area will vary.

You're looking at new water supply lines, new drain lines, electrical, etc.