Remember that a broken hot water heater costs about the same to replace no mater what your rent is.

Don't go more than 12m lease, and even consider a 6m to test the waters, though they will push back because it doesn't given them enough runway to buy the furniture and get runway.If your PM is going to be managing them, make sure that they are just VERY diligent on collecting timely rent and get agreement to do quarterly (or so) walkthroughs/inspections to make sure the home truly is being maintained.

Also, you probably need a civil engineer to make sure everythign is viable, since part of the approval process is having a civil draft up plans for sewer, water, grading, etc. 

Westchester NY, who pays for (expenses) heat, hot water, electric, snow removal, salting, trash bin maintenance, plumbing stoppages, plumbing leaks, key changes, sweeping and cleaning, CCTV, rehabs after tenant moves out.  

The home has a septic system and water catchment(?).   

Shut the water off at the street so you don't come back to any burst pipes (unless you need it for irrigation). 

I then factor in any utilities (besides water, sewer, and trash) that we are including if any to come up with a recommended price.4.

Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.

I know it has utilities on site, I can see everything (water, sewer, electricity).

Hi John-Thanks for sharing this list of Top 10 Real Estate Markets for Cash Flow in 2024.I too found it interesting to see Flint, MI on the list but as a graduate of the University of Michigan-Flint and Mott Community College in Flint and I am back there often enough to say Flint has done a lot to develop itself and a lot of money has been poured into Flint after the water crisis.I say good for Flint.