As the tenant moved in the first week like 5 things pop up ( leaks/ Water heater not working and several other small things) the total is going to be about 800$ i found a local guy to repair them but his labor plus trip charges and parts are racking up, and hes cutting us a deal because his per trip charge is $125 Range. 

However, let’s go with my premise that when you first purchase it will be significant cash negative when including all expenses/revenue impacts (piti, cap ex/maintenance, PM (always include pm in underwriting even if self managing because your time has value and circumstances change), vacancy, bookkeeping, portion of asset protection (umbrella, LLC, etc, and miscellaneous (this includes things like unexpected utilities for example from a slab leak, not fair to charge the tenant (I recently had a $2k unexpected water fee for a water leak), legal fees for various consultations, eviction fee, or the recently mandated stair and balcony inspections, etc.  

As the tenant moved in the first week like 5 things pop up ( leaks/ Water heater not working and several other small things) the total was 800$ i found a local guy to repair them but his labor plus trip charges and parts are racking up, and hes cutting us a deal because his per trip charge is $125 Range.

Not sure if you can put in a alarm for water overflow or if there are safegaurds against this. 

"likely to go under water": Why?

A couple quick questions: 1) do you have your PM's manage your monthly utility payments (water, gas, electric etc)? 

It has been running as a short term rental and is under water and I can not afford to hold it.Anyone willing to help me figure out options to sell or give up this property so I can start rebuilding my finances?

Also added mailboxes for box units and new water heaters for both units (plus a new electric meter for the other unit and internet hookup).Apt A (two beroom, one 3/4 bath) rents for $2200 and is occupied.Apt B (one bedroom, one full bath) rents for $1450 and is occupied.The problem I'm facing is with the refinance.

Hey BP,I’m reviewing an infill lot in the Spartanburg SC area and wanted some local insight from builders or investors active in the Upstate.Basic details:• Sierra Rd area• ~7,350 sq ft• Public water/sewer at street• No HOA• Several new builds nearby in the $260k–$265k range• Needs clearing/gradingI posted the full breakdown in a Classifieds listing per BP rules, but I’d love to hear from anyone familiar with recent new-build activity in this pocket or who has experience building in this part of Spartanburg.Thanks for any feedback.

Even if bought below market value, one major capital expense—like a roof or water service line—can erase all perceived equity.