I own this thing free and clear, and my property taxes & utilities are always paid current.What if I decided to:a) Stop paying my HOA fees and never pay them againb) Fall out of compliance with the HOA restrictions in some other way (stop mowing the lawn, let my house fall apart, some other obnoxious violation).What kind of consequences would I have to deal with from the HOA?

Our best deals were brought to us by bird dogs.I always look at establishing relationships with a few bird dogs in each town we are looking at buying in.Once they know your criteria and that you have the capacity to buy quiet a few houses your phone wont stop ringing.We pay a $1,000 them commission whenever we buy something.Thanks.

Just give me the rent per unit and unit mix that make up total units and what utilities the landlord pays.

I see this place costing you about $750 + utilities at this price.I assumed:5% downfull askingself managedtenant pays all of their utilitiesExpenses as I see them:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $1,121.45Taxes $373.17Sewer and Water $-Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $125.00Mgmt Fee $-Vacancy $88.00Total Expenses $1,857.61 + your sides utilities

Obviously I am going to look at it and check out all appliances, roof, separate utilities and all that.

I assume you're taking into consideration everything for the homes: taxes, insurance, vacancy, repair reserves, expenses (CPA, utilities, permits/fees), property management, etc.The way I have been able to purchase my investments in such a short span, is to purchase investments which need significant improvements, complete the improvements myself (I'm a contractor as my day job), rent the unit and then refinance to pull cash out.In addition to doing that, I went to friends and asked to borrow money.

Looked at a multi today, nice place, great location, lots of potential...

...but stuff everywhere. Old tv's, appliances, furniture...just shtuff...in the hallways...and the basement?

Oh

My

...

I took that business to another local community bank, along with all the other long established accounts.

In fact, that is how you get enemies and have me ensure that everyone from Code Enforcement, building departments, utilities, etc that have built relationships with, knows this is how this person acts.

I always assume 6 months of holding costs (taxes, insurance, utilities, interest).