He was skeptical based on same house slightly larger and newer inside Two doors down listed at $159k for over a month with no offers.  

So how much life is left on your roof, water heater, furnace, decks, garage door, sidewalk, driveway and then take the years left and divide by the cost it takes to fix it.

But no-one can prove in advance whether a particular property might fall on one side of the line or the other (40% ~ 60%) in any given year.GENERALLY, multi family properties might have lower cap ex per door when it comes to roof replacement for example, but hopefully you will have worked that out.

, the countertops would be replaced (not as important but definitely needed), painted, cleaned, tub would be tackled and re-caulked, the garage door would be fixed, and that would all get done before the move in date.

His property management company outright owns about 100 doors and manages over 600 in Eastern Washington.

Not something I want to do or can afford. 

The 2 houses right next door were built at the same time and are the same house with reverse layouts that sold for 345 and 350 in May and June of this year.

I'm guessing he was behind the door as the beneficial owner of the entity as well. 

If/When that happens, I'll make an offer to him for his property (including the land next door to the house), pay his back fees, and take over the title under his current mortgage, subject-to.

I like to think I know what I am doing, but please put me in my place if these numbers are ridiculous or anything I state is impossible, all honesty please. 2 Bedroom 1 Bathroom 800sqft home In a nice neighborhood, good town, and access to NYC via train station in townThis house is for sale by owner or $199k Let's say I get the house for $175k, 3% down payment which is $5,250 + 3,000 closing costs and whatever else = $8,250Monthly mortgage payment, tax and insurance is now at $1,162 The house seems to be in great condition, with a new porch in the backyard The houses surrounding are in the high $200k - $400kI believe I could get $1700 a month for rent if not a bit more, considering many of my friends who have 1 bedrooms pay $1250 a month for rent.