Sometimes the improvements we are making to the building are not a tangible item the resident sees, such as new shingles, replacing the boiler/water heater, or fixing sewer lines.

It's a small apartment with no radon issues or any major water penetration, etc.

She did ............... 2 years later the house is STILL bank owned , now there is a hole in the roof , the AC unit is gone , and the basement has a foot of water in it ( can see that thru the broken basement window) probably molded out now .Keep looking ......

It's their water bill.

That is for moving water and gas lines.

Will you be paying sewer or water?

I would buy on the side of the water you plan on living.

are you: Under Water, Probate, Pre-foreclosure, Liens and High repairs, exhausted land lords or ugly is Ok!

I have seen newby investors go from REIA to REIA dragging the same non-deal around trying to squeeze water from a rock.

That meets my 15% cash on cash return AND $100+ cash flow per door per month.Expenses as I see them at $164k and $2400/month in total rent:Mortgage Rate 5.00% (this could be lower if owner occupied)Length of Mortgage in years 30Monthly Mortgage payment $660.29 Taxes $421.50Sewer and Water $108.33Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00 (this is my minimum per month per roof)Insurance $116.67Mgmt Fee $240.00 (10%)Vacancy $120.00 (5%)Total Expenses $1,816.79