That equals less than 1k per property.

It's worth paying a premium for the brick buildings that were built for multifamily.

This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties.  

This influx of high-paying jobs (averaging $60 per hour) is expected to draw a significant number of professionals to the area, boosting demand for housing and various services.

If you don't occupy the property, then you'll have to pay 20% down.

No need to pay big bucks for this. 

We have the highest Realtor count per capita is the U.S.

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

@Charles Evans, definitely keep all paperwork associated with your tenant (lease, receipts, etc).For expenses that are not split per unit but are for the entire structure (utilities if not separately metered, mortgage interest, etc), keep a record of those payments so your tax pro can deduct a percentage of them for the unit you're renting.