Hello AllI have been looking into investing in the Philly market and a deal came across me from a agent, here it is:N. 12 th street, philly --neighborhood C/D classpurchase cost:  $85k  Taxes: $1190.00/year  Water: $60/month2 tenants in place been there for 3 years : Total rents : $1475.00/monthYour feedback would be great!  

I don't think that painting over water damage and is doing what you need to do to make a profit, I think it's unethical.  

The prevailing formula is 72/84For a park where the tenants pay water/sewer: Lot Rent x Occupied lots x 84 = Price at a 10CAPFor a park where the park pay water/sewer: Lot Rent x Occupied lots x 72 = Price at a 10CAPKeep in mind this formula only shows you what the potential of the park is under normalized operating conditions.  

It currently  all on one water line/bill.Wanted opinions of splitting the parcel and selling one or the other and I would assume I would need to separate the water meter some how.

The basement is completely open, with the HVAC and hot water heater in the center up against one of the 2 fireplaces.  

Since I am bringing a good deal to the table I thought a 50-50 split would be best.

Anything else: I provide a welcome letter for the tenant, which includes information on setting up water, internet, etc..

Aside from the massive time crunch, other problems cropped up as the bathroom was stripped down - a water line snapped in the crawl space; some drywall had to be replaced; etc.

I like @Rick's response - - UNLESS you are a party to the transaction (for clarity, the buyer OR the seller) you'll only muddy the water and if you were involved as a contractor at any capacity, you can easily get your name sullied needlessly. 

That's the world of Commercial Lending - -Pro:- the CU is treating you as a professional - - not too common for CUsCon:- the ARM and refi Typically, these loans are  X years, Due in Y (implicitly coming due with a balloon payment.The X years sets  the amortization table and you refi at Y years;  eg 20/due in 5The propert(ies) are already vouching for you (hence Com Loan), so when the Y years arrives, you're refi'ing the balloon amount and it should be a cakewalk with the same CU unless the IMF, EU, & US Treasury all go belly-up.