You will also learn from others which operators they like or don't like, which asset classes are going well, diversification strategies, standard terms and more - and most of all you will have other like minded individuals to consult with who are on a similar journey.  

There was a water supply line that got damaged during hurricane Milton, resulting in a $600 water bill.

You may have some one offs if there are backdue water/sewer charges or back due real estate taxes as well.

It has a standard 1600 SF 3/2 LTR but it has a 600 SF ADU 1/1 studio that I want to use as an STR.Looking for advice since this will be my first STR. 1. 

That's a standard cookie cutter deal that I have gotten 90% financing on for 1st timers.You have to get in a market where 50k let's you play. 

This formula is already in place for water, but here's the issue with gas -- both units use gas heat, however only one unit has a gas range/stove (the other unit has electric). 

His book “Invest in Debt” written over 45 years ago is the standard for understanding real estate note investing. 

However, I did speak with the realtor, and she sent me information on key items like the water heater, which was last replaced in 2014.

I just remember getting my tax bills on a few of the flip properties i funded in Dallas a few years back and man those things are eye watering. :)

What we need though is a standardized way to measure the metrics.