Chris is telling you to provide more details.The people on this thread have a combined hundred years of experience, conflicting opinions, and have been real with you.

That way, there is some type of cushion to help against any high usage months, should they just happen to use more than your previous tenants did, or if you unfortunately get tenants who abuse the "utilities included" opportunity. 

I also do not stop marketing unit including open houses until i have a holding deposit.  

I would include servicing costs of the loan and licensing costs.

@Jerell Edmonds is right that many of us, including myself, waited because of fear and feelings. 

Then plan and design how you're going to deploy that cash via what strategy your wife and you have confidence in.I use a excel or google doc and my first sheet would layout all of the details of the sale including all costs that go into getting closed.

Combine your interests!  

The risk is not including due diligence caveats in your offer, like inspections.   

This is the “over night” success that’s taken 20 years.2 - Superior uncommon knowledge, combined with experience and capital and a willingness to take a risk (speculate).  

There is roughly $20,000 left in rehab including windows, floors, a new kitchen and bathroom.