Mark FitzGerald Here's some more info (all monthly numbers):Gross monthly rent: $7005Monthly maintenance and make ready: $900Bookkeeping: $125 Insurance: $400Electric: $50Taxes: $400Gas: $70Trash: $160Reno supplies and misc: $160Currently 2 vacant.

In order to make the deal work I will have to tap into the public water supply and ditch the current well water setup the house has.

I live in the high desert in California and I'm learning as much as I can about it and, it sounds like it's what I was put on this earth to do.

Chances are you'll run into quite a few contractors as they are preparing for the day ahead.If you are in the market for specific repairs (electrical, plumbing, etc.) try to find supply stores in the area that cater to those markets.

Sounds like a water supply(hot or cold) line leak, probably a T splitter.

In fact, my Dad supplied me with a butter knife that we kept in a shoe in the hallway that I used to use to get into my house instead of needing to buy me a key. :-) While it's "possible" that the tenants did the damage themselves after losing their keys at some bar on Chippewa Street, it's also possible that someone else tried to break in so I wouldn't charge them for that.

. - Of course, having a laundry room in the office doesn't make much sense, so we'll be putting supply and drain lines in the large Pantry (in the walls).

And as a real estate investor I travel to look at properties, buy supplies, meet with clients, and so forth.

Supply and Demand works against it down this way.

The expenses for 2011 break down to this per year: Advertising- $221 Cleaning-$397 Insurance- $2770 Legal: $177 Repairs- $1205 Supplies-$425 Taxes-$3327 Utilities-$161 (we are only paying for two lights in a common hallway Rubbish $1055 Water/Sewer-$1985 Snow removal- $110 Water heater rental-$156 (now water heaters are new)TOTAL $11,989 @Darrin Carey thank you also for your help!