I was planning on having the tenant pay for all utilities. 

Like Jay said, often, new construction does not go as planned.

Quote from @Palak Patel: Hi everyone,I am new to the rental business and just purchased my first rental property.

Real estate is still a people business.

Scott Bessent has officially taken the reins as the 79th Treasury Secretary, and his plans are already making waves.

Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

I'm thinking long term rentals will be a good retirement plan.

Are you looking at turn-key investment or do you plan to purchase and rehab?

I use Coterie for business liability. 

Or like many small in businesses you raise cash from friends family and anyone else that knows loves and trusts you.The other thing I suggest is to make that $27,000 or $37000, or $50000 yourself over the next year.