The asking price is $995,000There are 10-1 bedrooms that are priced between $695-750 -utilities are included There are  5-2 bedroom units that are priced at $900 -utilities are includedNOI with a average/Full $11,725.00  Annual $140,700..No idea on Utilities yet.Or insurance I saw it had been converted to a co-op taxes are  $8700.

Often times, planned communities only have to hold one, annual, owners meeting.

Up Front Mortgage Insurance Premium - For most of its mortgage insurance programs, FHA collects an: Upfront mortgage insurance premium (UFMIP), and Annual insurance premium which is collected in monthly installments Mortgage Insurance Premium - For 15 year and greater than 15 years. 1.75% of purchase price Annual Insurance Premium Greater than 15 years & greater than or = 95% LTV - 0.8%Greater than 15 years & less than 95% LTV - 0.85%Less than or = 15 years & Grester than 90% LTV - 0.7%Less than or = 15 years & less than 90% LTV - 0.45%High Balance Loan Amounts Less than or = to $625,000 & less than or = to 95% LTV - 0.8%Less than or = to $625,000 & greater than 95% LTV - 0.85%Greater than $625,000 & less than or = to 95% LTV - 0.1%Greater than $625,000 & greater than 95% LTV - 0.105%INCOME—RENTAL Rental income from a borrower’s primary single family residence (boarder income) is not acceptable for qualifying.Rental Income from the subject property may be considered effective income if the subject property is a 2-4 unit dwelling.

I'm currently employed making around the average annual income of someone with my degree in my location. and of course, I also have some student debt on my head.

@Branden Vandette You can go to Annual Credit Report to get your free credit report from all 3 reporting agencies and see what is accurately reported.  

annually. 

The only RUBS property we have is a duplex.In all cases, we have tenants pre-pay the utilities to us each month, then actually read the meters quarterly or bi-annually.  

Hi Folks,I recently bought several properties in Wayne County's annual tax auction in the neighborhoods most people stay away from.

Hence the reason we have semi-annual or quarterly inspections of our units and repair & invoice damages as we find them.Our general practice is security deposit due at lease signing and first month's rent due before we hand-over the keys.  

My firm in Raleigh charges 8% of rents plus a $150 annual administrative fee (up to 10 properties, inclusive), and that's it.