Phoenix is a great market and will probably start you off with better cash flow off the bat, compared to the others.

Property taxes here are super low compared to surrounding areas.

We have 4 units in one building with water intrusion that will probably need extensive repair.  

I like water proof hard laminated 12mm thick so you need not to saw off all existing door bottom.

Hi all ,I talked to a friend of my parents yesterday , who is long term investor .35 years ago he sold property in big city and bought a ton of places on small city Midwest , chasing cash flow .But now he regret , he wish he kept his property in big city because appreciation is crazy while his small town investment , even after paying off mortgage and after 30 years foxes etc still didn’t value much compare to 30 years.I just release might be we should not chasing the cash flow so much and buying to small Mideast Midwest towns.

Perhaps $2K or less if the contractor doesn't have to rip open walls or get into any tight spaces.So, if this were my project in a comparable area, this is what I'd budget:- $4K to replace furnace/condenser- $4K to replace all plumbing- $2K to replace all ductwork- Whatever the cost is to fix/replace the damaged sheetrock needed to get to the plumbing/ducts.If the Scope of Work is less, the cost should be as well...

My monthly expenses for the house including mortgage, 5% vacancy rate, 5% repair cost, water, taxes and insurance will be $2,400.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Can possible sub divide lot.over 5,000 sqft all brickrehab estimate- exterior 40,000... interior 20,000 per unit x 4= 80,000Total Rehab $120,000Seller Asking PRICE $175,000Present mortgage $125,000 @ 7.2% 30 year term (was originally $152,000 in 2004)No second liens2 units are occupied (don't see how with all the deferred maintenance) and supposedly collecting rents $600 eachThey originally offered a "land contract" at $175,000City assessment- based on land and structure $203,000All units are metered separately- electricity, gas, water, trash etc...The good news....pro forma base upon what I know about that area.

I have spoken with the water company in the area and they have told me it will cost $17,000 to hook us up to the supply (which is already on the street).