Comps show this is maybe $10-15K below the market around there (probably after the typical updates).

An electric water heater can cost 2.5-3x more to operate than gas and can be a turn off to a smart tenant.  

Current operating income, with the vacancies, is $110,000 annually.

What type of interest do you typically offer your lenders or do you negotiate on a case by case basis?

Also, you typically won't be able to include all your closets in your loan (raising the price and having the seller pay them).

But, to own your own building and operate it at a 9/10 cap is a very solid play. 

MarcCapEx is not an operating expense so the NOI is understated. 

Another thing to consider is that whoever you use will typically be based on the house and level of rehab.

You will typically find it in the last 1/3 of the lease somewhere.2.

Hey guys, wondering what the locals think will be the impact of this from, here is the article from IBJ:September 6, 2016Hayleigh ColomboCarmel-based for-profit college operator ITT Educational Services Inc. announced Tuesday morning that it will permanently “discontinue academic operations” at all ITT Technical Institutes campuses.The company has already eliminated the “vast majority” of its 8,000 employees and canceled the fall academic quarter, which had been scheduled to begin this month, according to a statement released Tuesday morning.ITT Educational operates more than 130 ITT Technical Institute campuses in 38 states.ITT Tech announced a week ago it would stop enrolling students, and an Indianapolis charter school run by the companyhas also shut down.The move follows years of scrutiny by the federal education department over its recruiting methods and students’ educational performance, and recent actions that made itineligible to accept new studentswho relied on student loans.In its statement Tuesday morning, ITT called the federal sanctions “inappropriate and unconstitutional.""