If you do, AND you are paying utilities, make sure those are energy-efficient appliances.

I have recently reached a point where the existing electrical components of the home are in need of replacement.

No chemicals, no electricity, refill and clean after each stay, and “environmental friendly”.

I am very aware that managing a property is a lot of work and has its ups and downs, but I am ready to learn and have the energy.

So, with that said, if you followed that concept, it would depend on whether you were responsible for the electricity currently.  

Word on the street is that Split systems (common in . . . . a LOT of places other than the US) operate at a lower energy consumption rate per heating unit and cooling unit. 

(biggerpockets.com)Energy efficiencies in the building: Environmentally Friendly Tax Credits for Your Property (biggerpockets.com)Federal and state grants: Real Estate Grants (biggerpockets.com)On top of the benefits noted above, here are some added tax benefits from a cost segregation study: Added Tax Benefits of Cost Segregation (biggerpockets.com)Have you utilized a cost segregation study for any of these added benefits?

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

So many successful investors come from the construction/carpentry/plumbing/electrical industry because it was there advantage.

. ■ Mortgage ( 20% down so no PMI ) ■ HOA■ Electricity ■ Gas ( None because new construction house has electric stove ) (Everything is electric )■ Water Bill ■ Camera Security system ■ internet ■ Lawn Care■ Regular Maintenance □ Will I need to pay for " Trash " ?