Leads me to believe you just got bit by the RE bug.

Electrical inspection.

The gold bugs on TV aren't selling me their best product?

Since I know the odds of actually collecting anything from a tenant who bug's out are just about zero, I start trying immediately to get a new tenant.Read your lease.

As far as I know, the electric, plumbing, heating, and roof are in good condition, but please do all your inspections of these systems.

I have no history of rehab projects but I am employed as a project engineer at an electrical utility so planning and managing large projects is what I do day in and day out.

I don't even pay for basic inspections, we just make sure there is nothing obvious wrong with a unit (no leaking water, electrical is not knob and tube, etc).

FYI: My realtor drives VW bug :)

After finding wholesaling wasn't as easy and free as the gurus claim it is I'm not big on the wholesaling bug.

Same seller for both properties4 PlexPrice: $130KThree 2 bdrm 1bth units, One 1 bdrm 1bth unit3 occupied, 1 vacant - (2 bdrm unit vacant)rents are $550, 750, & 750 - potential rent of vacant unit is $850 - 950/moGas and Electric are included in rent priceUtilities are budgeted with clauses in contacts that over a certain usage extra utilities go on the rentBudgeted Gas & Electric are $130/mo/unit for both utilitiesTaxes: $3462/yrInsurance: $600 - assumed to be going up after appraisalWater/Sewer/Trash: $137/moSteel roof just installed last year, siding have done on property, vacant unit has never been rented since renovation - completely new kitchen with new appliances along with an overhaul of the living room, bedrooms, and bath w/washer & dryer hook ups.30yr fixed loan @ $566/mo pymtDuplexPrice: $64900Two 3 bdrm 1 bth units - small bdrmsRents: $750/unit - both occupiedGas & Electric included in rent - same clause in contract as above - $135/moWater/Sewer/Trash: $78Taxes: $970/yrInsurance: $40030 yr fixed loan @ $283/moI think I can Net Cash flow this place around $200/unit/mo after I've set aside funds for maintenance and replacement reserves at around $300/mo total for both locations.