(this is a nationwide phenomenon though), yet vacant homes up here also get the aluminum sideing ripped off, furnace, hot water heater stolen etc. and then it's sold for scrap or whatever?

(brick home prefered)Most likely I'd have water in my name, taxes could range from 900-2500 depending on property.City of Detroit taxes are very high, and they include $300 for garbage removal, since the city is broke.

It'll be owner occupied.So here's the poop:150y/o brick 3 story. 2000 sq'Needs: New roofpartial gut8 new windows (4 "historic" inserts)9 repaired windows2 new exterior doors and 1 rotted sill replacement.all new plumbing (3 baths 1/2, full, 3/4)mostly new electric (if only to sleep better)new furnace (though there are two on premises)A/Csome refinished floors, some carpetnew kitcheninsulationframingdrywallWe'll also want to deal with a concrete patio that's draining water toward the foundation before it causes problems.The place is in a transitional neighborhood (i.e 1 block away $300k homes and $150-275K condos, but plenty of ratty joints too).

I'm currently reading a book right now that tells me to do what you just said and I'm just testing the waters.

I've been using the Property Analysis Tool and removed all of my property expenses - taxes, mortgage, insurance, water, advertising, and some other small expenses directly from the rental income profits.

Accessibility and road frontage, and available utilities and water rights, 3.

where the economy is booming and the fundamentals are exceptionally strong.We got OIl and WATER which are the basic necessity.So Long !

However, currently there are multiple new subdivisions all around and city water and sewer are available.

That'll need to be cut out and replaced.2 Chimney's Flashings need work.One 15' box gutter (simple not ornamented) needs to be at least partially rebuilt and probably relined with terne (or something) since it's leaning a bit and dumping water out of the wrong end.

Owner pays water and trash which I will get the numbers as well as the maintenance history of the building.