I'm paying only closing cost.Rent = 650 + 425 + 315 = 1,390Taxes + Insurance = 208Water, Refuge, Lawn/Snow, Permits/Inspections = 295Separate gas & electric paid by tenants.I'm allocating $100 for short term repairs and $100 for long term repairs.Total Exp = 703Cash Flow = 687100% Occupancy = $687 -- Cap Rate equals 16.590% Occupancy = $549 -- Cap Rate equals 13.1680% Occupancy = $410 -- Cap Rate equals 9.8350k at 4.25% over 7/20 years = 310 monthly payment

In addition to inspecting roofs, HVAC, electrical, can you think of any other things I should pay special attention to?

This includes roofing, siding, painting, carpentry, concrete, on-site appliance repair, heating and air conditioning, home inspections, tree service, plumbing, electrical, floor covering, manufactured dwelling installations, land development and most other construction and repair services.

Currently property has no water and no electric.

The seller tells me HVAC is new, roof is less then 4 years old, and electrical all updated.

Tenant pays electricity and water/sewer.

It will need updated kitchen, bath, hvac, electrical, and minor roof work.

Not "Home Run" numbers but...Purchase 79,000rents 1,300 a month insurance 850/yeartax 1,500/yearutilities/basic maintenance (lawn/snow) paid/done by tenants79,000 loan at 5% for 30 yearsnot a knock out, but it has a lot of new work done on it (roof/furnance/siding/windows/plumbing/electrical) within the last 5 years...and it cash flows

It was built in 1952, roof is approx 15 years old, 3 older AC units, 2 older Hot Water heaters, 4 Gas furnaces appear to have 20+ years on them, electric is all up to date, appliances seem almost new.Owner has owned the property for 11 years and wants to completely get out of real estate (its his only property).

The electric, plumbing, and all the other systems would support one more tenant.