I haven't done this as this is going to be my very first property, please feel free to ask any questions:Potential Rental Income: $1000/- month (Right now through housing, but rent is due for increase)Taxes: $2600/-Utilities Water/Sewer: $800/- (Rest of the utilities are paid by tenant)Purchase Price: $124,900/-

We installed an interior French drain system in the basement, because we knew that the neighborhood is prone to water intrusion.

Submettering is an very viable option($$ knob and tube(1961 construction) ) and there is 1 water heater per building(3 building=14 units)(individual AC units).

would split system work the same heating and cooling?

The water activities are specatular. 

You need to choose your strategy based on your comfort with risk, your budget, and your experience and even though the market is cooling down a bit, it's still a good time to jump in.

The jacuzzi itself isn't being touched and the only plumbing is adding the water line up to the new shower head.

My parents owned a 1200 sqft (cool) ranch with 3 beds/2baths when I was a tyke.

At our second house, after we left Schultz was trying to charge us because we acted to  shut off the water so that their leaking pipes and leaking washer hookup didn’t flood the house.

We installed an interior French drain system in the basement, because we knew that the neighborhood is prone to water intrusion.