@Kenneth Willis I can probably help.How many lots, what is the lot rent, how many are occupied, what is the source of utilities and who pays the utilities?

We bought at 375k, are currently renovating the basement, and have income of $4725 (before utilities, insurance, and debt service) right now.

#1 - Small 3 Bedroom Renovation into small group luxury accommodation.   

The city told us that all the owners of the 6 properties had to submit and sign a new subdivision application so that the city could issue permits and turn utilities on for the investors that were requesting it.

A legally suited detached with garage is around the $375k - 450k point (in decent shape). 3 bedroom, 1.5 bath main floor around 1100 sqft can rent for $2000-$2200 a month (utilities included). 3 bedroom, 1 bath basement can rent for around $1600-$1800.

FlooringWe plan to install luxury vinyl planks (LVP) throughout the home for the flooring.

You may directly pay some municipal utilities as in most places those become liens if unpaid.

Just started a few months ago so with more reviews I’m sure I’ll gain some more revenue but it’s high end luxury fully amenitized sleeps almost 30 people (so not much more value I can add that I can think of). 

But, once I was able to eliminate the non sense and the outdated, and work my way thru the pointless, I was left with excellent strategies and techniques most investors don’t know about and even less utilize.

That rent does include utilities, so the more utilities included in the rent the more Section 8 will pay for rent, but not more than the Median Rent.