It is my first my multifam.

So I say all that to give some color on this.. first in the turn key space or should i say turn key brokerage regardless of how you do it  IE like RTR or Like Jim who has his own show.

In some jurisdictions, you are liable for 3 times the value of the property if you lose.

We have grossed $300k in revenue over the first 12 months of operation, at a ~50% profit margin.

It's a ticking time bomb. 

Wilmington on the first Thursday of the month from 6:30-8:30PM. ccreia.wildapricot.org (this website hasn't been updated to reflect the change)NCREIA also meets monthly in Wilmington https://www.ncreia.com/Events.aspx?

@Georgy CherkasskyI'm sorry that I didn't ask you specifically for a response on this the first time. 

According to several websites, and an AI summary, $100 per month is average for a 900ft apartment this time of year.Switching to electric would make the tenants responsible for the bill, but you would eat the cost of installation and it may drive your rents down because electricity costs are probably much higher than the gas you currently pay.I recommend you do more research before switching anything up.

That's an average of 17% annually over that time.The City of Detroit has not only outperformed every city in the Metro Detroit area, its outperformed every city in the USA from 2014-2024:Let that sink in for a minute ... you'll probably need more time than that to process this!

I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?