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

Also my water bills would surely suffer, although they would be much worse with 2 adults living with 2 teenage girls!

I'm just putting my pinky toe into the water as of now and have very limited experience, but I'm so excited to learn more.Just wanted to say hi to everyone and putting some feelers out to all my people in CT.Josh

How about water heater?

I have a 2-family under contract for 65,000 in Aurora, IL. 1st - floor $750 & 2nd Floor $750Landlord pays water and heatingTenants paid electricityTenants are month to monthCurrent market rents in the area are $750 to $800 not including utilities.Taxes - 2,900Interest - 4.50%Loan - 15 yearsDown payment - 25%P & I - $ 372Is this a good deal?

I never sail the Pamlico, till at least mid-June or get on any water toys.....enjoy the lake living!