Please text me with the number on my signature line and can walk you through my configuration.   

The whole refinance process is not clear to me as I haven't gone through it myself or see it first hand with a client of mine doing it.

We just launched a Cash-Flow Breakfast Club for your area!

It cash flows without the utilities split but I am planning to hold onto for a long time so splitting the utilities seems to make sense.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

So back to being a real estate investor: the only way to be one is to buy a property and create value out of it, whether through finding a below market value house and selling for a profit, or renting and creating cash flow.  

I'm currently going through this with one of my clients.

I would get more details on the numbers and go through it with an experienced investor. 23% expense ratio is laughable for any apartment building, let alone an old class c product.

I've been in real estate for the past 7 years, and I got my start like so many other investors through reading Rich Dad, Poor Dad. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.Here's a guide that teaches you how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...Finding deal that cash flow is the easy part.