It sounds like you would make them available at an additional cost?

I did not want to spend 50K on doing separate meters for where I have my rentals it would cost me this much.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

Whether you're curious about cost-effective renovations, navigating building codes, or optimizing a property's layout, feel free to reach out.

There were a lot of costs that we didn't expect like the plumbing had to be completely redone.

@Cameron Porter ultimately the most important part is the ARV, inclusive of the expected rehab costs.

ROI can vary, but some parking lots have great returns with minimal upkeep—just be sure to research zoning laws, demand, and operational costs before diving in.Good luck with your decision, and feel free to reach out if you want to chat more about any of these options! 

One of the reasons I joined BP this month is to participate in a weekly connect just like this, as I know how powerful they can be. 

So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.

Determining the cost on something like this is only something you'll be able to find out by talking to the city.