Most investors would probably calculate 8-10%, so maybe another $690 per month.Next, I don't see any expenses related to sewer and water, or other utilities.  

The property is on a water well system and the well has run dry22.

All the downspouts were routed into it existing drains so there was no drainage or water issues.I am not sure what you mean by SIP but that probably means that we didn't have to do it!

Call the power and water company to verify the units are up to date on payments.  

Tenants pay water/sewer/electric/heat. 

I have already turned on the electric and water.

I hope to go pro soon, so you all can see my cool smile :-) I hope to meet alot of good, solid people x build great solid relations x become a wealthy investor x intern be in a position to help other newbies 1 day :-)

I'm new to this but I'm not afraid to step out and not only test the water but get in it and swim.  

Michael, If the lots can be re-zoned, who is your customer and are they willing to pay 10-20K for a lot will  lots with no sewer, water, electrical hook up?

. - 1 br - renting for $550-2br - renting for $695-2br - renting for $500There are separate electric and water meters but the owner pays all utilities.