If a tenant finds out that you put the pump on their meter and they report you to the city or board of health you will end up paying their full utility bill.  

When a good deal finally came to market I made a full price offer sight unseen within minutes of it being listed.

I work full time as a tax manager (for now...) but I hope to become more active in this community and look forward to networking with you all. 

This (KCMO) area is really exciting and full of opportunity. 

Our properties were full and rents were high, but as folks cycled in and out of the community, we had more oil patch workers than before. 

When we have a roommate situation, where one of the lease signers wants to leave, the remaining tenants either take full responsibility for the rent among themselves or they find a prospective replacement tenant.

Do you have the time to manage all of those BRRRR projects or do you have a full time job?

I am currently a full-time engineer with an oil and gas company in Corpus Christi, TX.

I work full time as a corporate accountant and that most likely won't change anytime soon.

Steve, remember, your closing costs are a one time cost and the taxes you pay are pro rated, so they would not be your full tax amount. you are correct in your percentages for closing costs, I have come up with about the same % on average. when you do your calculations, the closing costs will be included as a one time expense but your NOI will be based on a full year of taxes, not the pro rated tax.