I’m going TO OFFER $125K and do $15K UPGRADES.Mortgage - $1310/mth(30 YRS, $140K, $3600/YR, $1500/YR, 6.5%)Taxes - $3600/yrInsurance - $1500/yrUtilities - $425/mth (owner pays heat and water)(verfied by Weenergy and Water works)Property Management - $375/mthRepairs and Maintenance - $650/mthCap Ex - $300/mthTHEREFORE,INCOMING -$2525MORTGAFE - $1310PM - $375/MTHUTLITIES - $425/MTHRM - $650CAP EX - $300/MTHBalance is NEGATIVE -$535 PER MONTH.Looking for POSITIVE CASHFLOW OF AT LEAST $500/MTH.What would you offer?

I don't agree that there are any woman/man/gender fluid persons in this world that don't deserve more then what they have.

There is ZERO upside to paying utilities at a SFR.... if its free to the tenant there is ZERO incentive for them to keep their use reasonable....If I didn't have to pay my utilities you can be damn sure I would have my AC on 70 degrees on ALL summer and the heat at 82 ALL winter

Those are the main numbers, you might also want to look at a heat map of crime for the areas that you are looking at a bit more closely

It's an old row/townhouse in B class neighborhood and it has duct for heating system so I have an option to add central A/C to existing heating system.

What's the heating/cooling situation? 

But tenant has to pay all utilities - water/sewer, gas for heat, electric.

BP,     My wife and I are going through our inspection report for a two family we have an accepted offer on and the inspector noticed that there are black soot like heat streaks staining above the baseboard heat in the bedroom and living room of rental unit. 

I ran the numbers, see below - the expenses are almost too low, so first thing will be to do my due diligence.On the plus side she is not in a rush, the property won't be listed for a while (if at all, if I can get in quickly with a solid offer).Purchase price (est) $775,000Units 13Annual income $112,000 (assuming 7% vacancy, all units currently leased)Operating expenses $39,000 (all electric on separate meters, heat is electric.

There are probably State laws that apply as well as local ordinances in some cities.Although I'm not 100% sure, I THINK a landlord is required to keep the rental "habitable" which I think includes things like hot water and a heating system but not things like lawn care or air conditioning.