Basically it's like buying a brand new car at 40% off , except is saves you about the same amount of money that a car would costs you in gas.

There was a Twilight Zone episode where these guys rob a bank and horde gold bars, and manage to take a sleeping gas and wake up 100 years later to spend their booty.

I always assume electricity, gas, water, sewage, trash, snow/lawn care, and wifi to be paid by tenant (except HOA). 

Do the tenants pay for 100% of water/sewer/electric/gas/trash?

Sure, you could argue that you'd be collecting rent from your tenants, but good luck finding a multi that has enough positive cash flow to cover the entire mortgage, taxes, insurance, vacancy, maintenance, capex and your living expenses, food, gas, utilities, etc.

That is not always but if we just look back to last recession and check prices in the oil and gas regions ($100 barrel)  one might see these locales were not affected as much or not at all as I recall. 

I wanted to throw the numbers out there to see if you all had any advice or if I was missing something.It’s a duplex, electric is separate but gas and water are shared.Purchase Price: 71,000Annual rent: 18,600Annual insurance: 1,200(est.)Taxes: 2,883Garbage: 290Vacancy: 1,860(10%)Maintenance: 1,860(10%)Management: 1,116(6%) 775 placement fee (50% one months rent)Capex: 930(5%)Total: 10,914Annual mortgage: 3,453.6018,600-14,367.60=4,232.40 cash flowUnfortunately management is a must since it is long distance.

It is a duplex, electric is separate but water and gas are not.Purchase price: 71,000Annual Rent:18,600EXPENSESVacancy:1,860(10%)Maint:1,860(10%)Managment:1116(6%)    750(placement fee 50% of rent)Capex:930(5%)Insurance:1200(est.)Taxes:2,883Garbage:290Total:10,889Annual Mort:3,453.6018,600-14,342.60=4,257.40 cashflowSeems like it could work, i am thinking i will have to bill the tenants for gas/water/sewer after I get the bill. 

Stockton University will be opening it's Atlantic City campus this year which consists of a Residence building on the beach block, Academic building across the street and a shared garage with South Jersey Gas.

That can likely fetch $1700 if not a bit more.Comp that sold recently: $300kEstimated repair costs: $75k conservative (full gut)Property Taxes: $4,500 per yearUtilities: Separate for each unit, tenant would pay their own electric, gas, garbage, etc.