I’m considering purchasing five units in an eight-unit light industrial property structured as a condominium.

There's a bunch more industry outside of just automotive.

Conventional loans are available all day long for rental properties, so long as the property is residential (1-4 unit) and not commercial (5+ units, retail, industrial, etc).

What are the average utility costs, and who typically pays them (tenant/owner)?

But there are also some real challenges, like dealing with lower tenant quality on average, the extra red tape, annual inspections, and the longer time it takes to get tenants placed compared to the open market.

I mean, they make a lot more money than the average person and they pick and choose their assignments/contracts.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

of course this is a correct description but lets talk a bout reality.very few loans for most investors will be non recourse unless they are very large loans but the average under 1mil loan 97% of the time will be full recourse unless the lender is not ready for prime time.

I pulled data from VRBO for similar 2br/2ba  units in the complex and by my calculations the nightly rate on average would come to $208.

The current in-place average rent for renovated units is $2,550, and the unrenovated is $2,150.