Vegas is a perfect example U can buy a 400k rental there and in many  cases the taxs will be lower than say a 100k rental in Jackson MS.

Since yours is only water and heat I would recommend you charge 50% and lower the rent cost rather than factoring it into the rent price.

@Ramada Evans- 1) if buying as a rental and  financing it - your down payment will need to be a min of  15% of the  purchase price   ( so thats either  30,750 at 205K price or 32,850 at the 219K price ...so  not much of a down payment  difference   2) if it appears that there isnt much competition  or interest in theproperty - the lower price might be OK   3)  you might also consider   asking the seller for a seller  credit you can use towards some of your loan costs   4) get pre approved  if you arent already pre approved 

Competition is much lower this time of the year and the election has further slowed down the market, which creates opportunities for savvy buyers.

But these do have drawbacks, typically in lower LTV, prepayment penalties, etc.  

The effort level is lower to sell than to BRRR, because you don't have to rent or refinance the property.

However, most people attending the event are less than college educated and have lower income.

My most recent look indicated that the DSCR rate was actually lower than the one at my bank but would have required a 35% down payment in my particular situation.

- get into real estate with a lower rate and lesser percentage down payment.

Actually I do have  the comparables since every year I have fought with the county to lower my property taxes :)!