*take all this with a grain of salt, I am a newbie

I will manage these buildings, I currently manage another 4 unit building in the same area and know with updates the total rents could increase $3-4$k/yr.Current Rents:  $3900/mo $46,800/yearVacancy: 10% $4,680/yr (actual vacancy rate for area is below 5%)Taxes: $3838/yrInsurance: $2840/yr for cash value not replacement cost (getting more quotes)Maintenance: $4500/yrUtilities: $6,500 (owner currently pays common electric, sewer/trash, and buildings are on well so softener salt and electricity for water pumps.)Budgeting $5k/yr for capexLeaves: $19,442 for debt and cash flow

From one Salt Lake Investor to another: Welcome to BP!

As you can see per the attached images the damage to my front stairs is pretty extensive from the mortar and winter salt.

Salt Lake CityA 4-5% B 5-6% C 6-8%

 -3% form the last census, but any park buyer worth their salt would kill to get in that market.

Salt water, storm threats, and a snow-bird lifestyle are the driving force behind the need.

Here in Salt Lake City there don't seem to be many listed, and what is listed goes fast (at least the good ones). 

Even with a huge grain of salt, I would say our property has increased in value to over $200,000.  

Hello BP world! My name is Ruben Aquino, I have decided to become a successful Real Estate Investor! I'm new to Real Estate Investing, I been reading the books from Brandon and hearing the podcasts! BP will be of grea...