Hi Karen, the market is on fire ,ultra low inventory, same as orange county, Phoenix is also a hot market, thats partly why Im shifting gears, finding a new niche, I going to be doing marketing compaign for those sellers in trouble.

Let me play devil's advocate and fill in some guesstimates for additional expenses, vacancy, etc.Rent 40,080 3% Vacancy/Credit Loss 1,200 OpEx:Advertising 300 Insurance (fire and liability) 1,200 Lawn/Snow 300 Repairs and Maintenance 2,400 Taxes - Real Estate 3,600 Utilities - Electricity 500 Utilities - Fuel Oil 1,200 Utilities - Sewer and Water 600 TOTAL OPERATING EXPENSES 10,100 NET OPERATING INCOME 28,780 Debt Service 802 CASH FLOW 27,976 Cash-on-Cash 7.44%I must tell you that I'm not a big fan of cash-on-cash as a metric, because it doesn't take into account time value of money -- it assumes just the first-year's performance.

Some good reasons for the need to move include: need more space (expecting a child or elderly parent moving in), need to relocate for job, lease ended, house they are in had a disaster event strike (fire, hurricane like Sandy).I just filled a vacancy during November with somebody who was moving due to house they were in had a break-in.Just about anything else for a reason to move is suspect.But you will get some on BP who will only do month-to-month.

Ahmed, I'm an insurance agent in Philadelphia and we often suggest what's called a dwelling fire/landlord policy.

I can attest that magic happens EVERYTIME such warm, thoughtful, and goodhearted BP peeps get together. . . .. . .and Iris is a house-o-fire also!

It's about an investment firm that wants to be the first to jump ship and get rid of all of their toxic mortgages in a big fire sale.

Well after the 1st month I would have fired the manager or agent of what ever she thought she was!

Wish we could all meet up for a beer around the fire!

As long as the furnace is in its own room, with a fire door and outside combustion air vent, and return air drawn from main house, It should be good to go and doesnt have to have return air ducted throughout house.

If so, go ahead with the deal and fire the realtor after the closing.