So a "Contract Service handler" takes all the rent $$ and distributes it to everyone (like me, Utilities, Electric, Taxes, etc?

Major repairs included replacing majority of subfloor in a large doublewide and your typical paint, cleanup, trash removal but add $1250 to run new buried electric sub panel. 

There are plumbing issues, electrical issues, the furnace needs replacing.  

# of Months from Purchase to Sale: 1.5 2.5 4.0 Costs to Buy: loan origination $ 6,700 $ 6,700 $ 6,700 appraisal $ 250 $ 250 $ 250 credit report $ - $ - $ - title insurance $ 750 $ 750 $ 750 escrow fee $ 1,000 $ 1,000 $ 1,000 recording fee $ 100 $ 100 $ 100 other ___________ $ 200 $ 200 $ 200 other ___________ $ 1,000 $ 1,000 $ 1,000 TOTAL Costs to Buy $ 10,000 $ 10,000 $ 10,000 Costs of Repairs: roof repairs, paint, misc repairs $ 8,000 $ 8,500 $ 9,000 Cabinets $ 1,500 $ 1,500 $ 1,200 Landscape $ 1,500 $ 1,500 $ 2,000 Furnanace $ 2,500 $ 3,500 $ 3,500 Air conditioner $ 2,500 $ 2,500 $ 2,500 other ___________ $ - $ - $ - TOTAL Costs of Repairs $ 16,000 $ 17,500 $ 18,200 Holding Costs: pay 'subject to' mortgage payment 1450 $ 2,175 $ 3,625 $ 5,800 taxes 45 $ 68 $ 113 $ 180 monthly pro-ration insurance 40 $ 60 $ 100 $ 160 monthly pro-ration Utilities: gas 15 $ 23 $ 38 $ 60 electricity 50 $ 75 $ 125 $ 200 water/sewer/trash 35 $ 53 $ 88 $ 140 HOA 48 $ 72 $ 120 $ 192 HOA, etc. 0 $ - $ - $ - TOTAL Holding Costs $ 2,525 $ 4,208 $ 6,732 Selling Costs: real estate brokers commission 4.0% $ 9,960 $ 9,600 $ 9,400 title/escrow fees $ 10,000 $ 10,000 $ 10,000 concessions to buyer $ - $ - other ___________ $ - $ - $ - TOTAL Selling Costs $ 19,960 $ 19,600 $ 19,400 u

Depending on when electricity was added and updated (or not) that could be a huge cost as well. 

The official report comes in next week which I'm told will likely have more.1) Electrical in the bathroom is off and causing issues with the lighting and exhaust fan. 2) There needs to be smoke detectors in all 3 berms.

From what I’ve seen so far, both kitchens and bathrooms will need rehabbing, new electrical, outside paint, etc – I’m estimating around $30K in rehab, but of course this is subject to change.My Question:Let’s assume that the house does in fact require $30K in rehab and the seller is willing to come down on the price significantly (because he knows there’s a ton of work required, he just doesn’t want to do it) – let’s say we agree on $190K.

I have the property purchased under an entity, so I'll reduce my taxable income by taking into account all my operating expenses including things like cable and electricity for both units.Occupancy taxes get deducted automatically before the gross amount ends up in your bank account.Cleaning fees I've contacted several made services in my area and found that vacation rental turn over can range between 65-100 depending on the scope of work. but it isnt terrible.

In ground pool.Separate Gas & electric. 5 year old roof, boiler, oil tank and hotwater heater.

The discrepancy with this house is that it currently has 1 electric heating unit, and 2 gas heat.