I don't know if it has to be the assessor's numbers or FMV when the rental is put into service.

You have to take the sellers numbers, use the ones that will be applicable to you (like utilities and taxes), and also use different numbers that are the ones that are specific to you (debt service on that bigger loan that you'll be needing).Lots of good advice from other posts above.

I started direct mail 18 months ago and am now starting a web site.

Do you guys have any suggestions on which VM services are best?

It looks like a pretty good deal to me.Price - 105000Down - 26250 (25%)Closing, etc - 3000Total cash invested: 29250Gross rents - 1580Expenses - 790Debt service (30 yrs, 4.5%) - 399Cash flow - 391Cash on Cash return - 16.04%Total ROI (includes mortgage paydown) - 20.38%By the numbers, that's a really good deal.

Existing electric might just be tapped off of the existing house panel; you would want a separate service line and breaker panel for this garage unit.

I've seen lots in the 6 figure ranges as well, patio, decks, pools, garages, nice lawns, club house even a golf course, again, location and amenities, not the can on wheels.As personal property they usually won't generate the tax base of conventional housing, yet they use and consume public services just as a conventional home, so at the government side, they are or can be a drag on services.

LOL Then they had 8 printers that didn't know what to do with.HP eats the ink and also tech support is overseas so very challenging with customer service to get anything done.I would think it would be fine buying that new one fro small jobs.

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 check this on the web too.