Working on my first multi family deal

[Jamie Rost]

Hello BP members

I am looking at my first deal and wanted to get some advice to make sure I am taking everything into account to properly analyze this opportunity. I am looking to purchase 2 -  4 unit properties as a portfolio. I have estimated the expenses following the BP rental calculator. I am having a hard time getting the estimated costs of water and gas as well as clairifying what expenses are tennent and landlord expenses.  Structurally the properties are in good shape new roof, updated electrical etc. One of the buildings will need new windows within the year. 

Each of these properties have onsite property management that includes lawn, snow removal, tenant screaning, vacancy filling rent collection and maintenance for a monthly fee of $300 per structure. I am awaiting review of the contract so I can see what extent of the maintenance services are included within that monthly fee, speaking with them it sounds like basic refurbishment activities are covered. 

I am also getting quotes on insurance for the property and have contacted the local authorities about crime activity with only very minor activities reported. I plan to initially purchase under my personal name then move to my LLC. From my estimations I should cash flow about $150 per door per month.

Are there other items I should consider? Questions I should ask? 

Thank you for any advice you can offer.

Jamie