There will be a number of locations to disclose. Everything will be noted below, and separated by their building number. A couple of locations will have a store front on the first. f floor of the building which will not be considered as a residence rental. With that said, the store front must pay for all of their utilities even though there will still be electricity, and internet services. Everything including the water/sewage bill will be on separate meters. Apartments includes all utilities (except telephone, and premium television). Houses and storefronts must pay for all of the utilities. The income is as follows
- Apartments ($55,350)
- 1019-e Realty + $2,000×3 ($8,500)
- 1705-e $3,500 (storefront) + $2,000×2 ($7,500)
- 1734-e $2,500 (storefront) + $1,750 + $1,500 ($5,750)
- 201-e $750×30 + 150×40 ($28,500)
- 239-w $1,000×7 ($7,000)
- Houses ($10,850)
- 1614-h $1,250
- 1717-s $2,000
- 3031-j $2,500
- 3253-f $1,500
- 624-c $1,500
- 911-e $2,100
The total for the apartments is $55,350, and the houses are $10,850 for a total of $66,200. This may sound like a lot of money, and for most people that it is. However, keep in mind that I will have to pay income taxes, utilities for the apartments, and employees. All of these resources are just something that must be considered. Every month, I will receive the bills for the services that are in the name of FSP Realty, and within days, those bills will have to be paid for. In addition, there are also property taxes. These have to be considered as well. I will hope that I will be able to receive some reprieve on the property taxes since I will be targeting low income tenants for most of the units.