., property taxes, utilities, sewer/water, and should do so.

It's just that the realtor is testing the waters in wanting to list all three together.I'm not in love with the idea of renting especially since rents would be more expensive than my potential mortgage payments.

Not sure how water and sewer are handled there, but shared water and sewer usually falls on the landlord.

Ken Rishel how complicated and expensive is an "ash" sanitary system as you describe it?

It also appears we have an issue with any loan to value with limited funds, another situation that a private lender/friend could overlook but not a hard money lender.Until we get some feedback from the listing agent on what the seller might be willing to do, it's kind of dead in the water, unless private funds can b located or a straw buyer comes forward and then re-sells the property.

Financing will be 30% down ($10,500), 6% for 15 years with a payment of 206.74Expenses monthly are:-Taxes $115.66 currently-Insurance $52.25-Maintenance (10% of rent) $93-Utilities ($50 per quarter, per unit for water and sanitation) $33.33-Management (10% of rent) $93-Vacancy (10% of rent) $93Once I take my expenses and debt service from my gross rent, I'm left with $243.01 cash flow for a 27.77% COCR.

You can also check and make sure exhaust fan over range works, vent is clear, and that its being used while boiling water etc.

This will reflect itself in other systems as time goes by.

I know pretty much what John does and in Texas I believe he has it nailed when his "system" is appropriate.

Tenant came home to find water pouring down the driveway.