Thank you all for your advice, I was thinking about increasing rent a bit to cover utilities, and decreasing the total utility allotment depending on the averages of the past 2 years of the utility bill.

Yeah @Isaac Moore , you're right, you have to allot more time though when you hire using those platforms.

We used a hard money lender and were not able to sell within our allotted time frame.

If so, I'd definitely say you get to keep the allotted amount... then again, I'm not a lawyer. 

Here are my numbers: Yearly Rents: $18000Yearly Taxes: $5100Yearly Management (10%): $1800Yearly Maintenance Allotment: $2000Yearly Vacancy Allowance: $1800NOI: $7300CAP Rate: 4.8%Yearly Mortgage Payment: $7728 (assuming 5% interest)Annual Cash Flow: -$428That doesn't look good.

I'm considering buying a rental property to generate income and keep my wife employed managing the property since she doesn't have allot of formal education.

If he has at least one year left I would have him setup an allotment through MyPay to ensure the rent gets paid the same time he gets paid.

The property conditions of my properties I like to think are above the normal as I allot for 10% of gross rents for future repairs and all homes I acquire I rehab extensively.

If you have to replace the flooring then that would easily go over the $300 allotment.

The "number" criteria makes it more advantageous to borrow the max rather than use up your "number" allotment for small loan to value mortgages (LTV).Positive cashflow is always a consideration for me and can run contrary to "borrow the max".