Given this is where my major operating expenses fell (beyond taxes and insurance), keeping this cost lower, by average, helps my cash flow.I invest in older neighborhoods, so the 2-4 unit properties, typically have single water meter, maybe single electric, and many have radiator heat with a single boiler.  

Depending on your taxes and insurance rates in your market, these could be a little higher for you.

My policy is that we provide a pest-free home, then the tenant is expected to maintain it that way.

It's possible to consider a single-family investment, but even then, it would be quite tight accounting for the down payment, closing costs, insurance, etc.

Hello,I have a potential tenant that is part of a Community Living Program and I am looking for other peoples experiences dealing with these types of tenants.So the tenant had a traumatic injury and now their insurance pays out a set amount each month to cover their living expenses.

I have a deal set up with an insurance company that uses this for when they have a flood or fire and they have to put their insured somewhere.. 

You will have income (rent), but then you'll have expenses: taxes, insurance, repairs, turnaround cleanup, eviction/attorney costs, vacancy factor etc.

This outlines things like guest/ overnight guest policy, cleanliness standards, roomie/tenant vs roomie/ landlord responsibilities...

I like how I can dig into the competition and see their nightly rate, pet policy, etc.   

Gas going to be closer to 5/gallon than 4... car insurance probably 150 or so.