Long term tenant paying $1,675 and all utilities.

Have to pick a good middle ground.

I have done a lot of looking around on Trulia, Zillow, Redfin, etc. but with as little experience as I have I just feel like I'd be taking a shot in the dark no matter what I picked - would a realtor help with this or is that just how it goes?

You picked a great place to start your investment career!

What has already been done in the way of engineering, installation of any utilities, roads, etc.?

In the case of the seller does it make more sense for them to look at something like a sandwich lease as it will enable them to show the property as a "rental property" in the future and utilize the payments as income adding some relief to the debt to income ratios?

I currently have one property under contract I am looking to flip, one under contract to hold as a long term rental, and am looking at picking up my first subject to property.

Williamsburg rents $775. leased 12/1/20123. separate utilities4. utilities paid by tenant5. unsure (I asked how old the roof was)6. both have been partially or totally replaced in the last year (HVAC system)7. hot water heater dishwasher (new replacements)8. none known (serious issues)9.

Hey Drew,You have to put some money in your figures to account for closing costs and fixup for the purchase part, and for vacancy, repairs, capital expenses, management and leasing costs, and utilities while vacant.

:PBe sure to take advantage of The Real Estate Deal Analysis and Advice Here you'll be able to post all the relevant numbers/information about your deal and people will jump in, pick it apart, and help you analyze whether it's a good idea to move forward or not.