Here are the numbers:20K in repairsTaxes are $2400INS is $2000Separate utilities except for water and trash: ~$100/month Will manage myself.Finance is 20% down at 4.75%, 15 years.Thinking to submit an offer for 85K.

Contract states that due diligence does not begin until I have given my written notification that I have received all requested documents.During due diligence I request the following documentation:P&L Statements.Seller's Tax Returns and Bank DepositsLease agreements and rental receiptsCopy of current management contract and payroll registerCopy of insurance policyCopies of service and advertisement contracts (Trash, Water, Util, etc)Confirm any existing liens.WHAT IS THE BEST WAY TO GET TAX RATES, SINCE THEY MAY CHANGE AFTER THE SALE?

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They had propane tanks & I assume they are all on septic with 'city' water.

Good points mentioned by others about multi-family properties vs single family homes.Pet hair gets into the HVAC system and even appliances such as refrigerators and ranges.

Hi welcome to BP, the community here can definitely help you navigate the REI waters.

Hey BPers, I'm piggy-backing off of a thread I started in the Real Estate Marketing Forum: http://www.biggerpockets.com/forums/87/topics/113063-pre-foreclosure-foreclosure-leads-in-a-judicial-foreclosure-stateA quick summary for those not interested in reading that thread, foreclosure processes in judicial states are handled within the court system and as a result there are no public notices required like in non-judicial foreclosure states.

Creating and streamlining management and analysis systems is also an interest of mine.

I save all of my reciepts and payments for rent,electric,water etc.

Hello,My name is Lync Jones and I am a newbie from Lehi, Utah.I currently work in Salt Lake City as a System Administrator.