@Jaysen Medhurst @Aaron Taylor @Michael King
Took me some time to get back to this but I did get a Pro membership to test it out. Here is the PDF sheet on this:
https://www.biggerpockets.com/...
Also, I was able to get the price down to $215k so that has been adjusted accordingly on the PDF.
The reason why he pays for all the utilities, besides each unit's electric, is due to the fact that the average rent in the area is around 600 to max of 650. Doing some quick math on the different scenarios, if I removed the cable, water, and gas - I'd have to make at least 725-750 per unit to make it "worth it".
Really the only thing holding me back is the location. I've mentioned it before but it's not in or close to a big city (about 1 hour drive in either direction). It's not a crime ridden city or anything but I'm having a hard time convincing myself it will not be an "issue" 5, 7, or 10 years down the road to find quality tenants w/out very long vacancies. For example, over the last decade (2010-2019) the overall population went from 19,100 to 18,100. As you can see there aren't a ton of ppl in this city and the overall county has around 100k total but it's slowly declining (this is my biggest "fear"/issue with this property).
So would you do this?