Additionally, the property’s location in Rolling Prairie, IN, aligned well with our investment strategy, making this a promising project for collaboration with our partner Ron Rowan.

It's all location, location, location. 

It’s located 5-10 min out of town in a rural area.

Rent should be a standalone line item.With regards to fees, these will vary from property manager--flat fees, % of rent, and other structures depending on short/long-term rentals, unit type and location.1) I'd recommend utilities be separate.

For starters, where are you located and how is your local market? 

before you go down the rabbit hole to far as @Bruce Lynn mentioned see if the jurisdiction were the lots are located will even allow a surface operation within their zoning code or that lot size.. thats the first thing I would do.Being an old land man I have dealt with a ton of mineral and water rights.. there is a lot to those buggers..

Purchase price: $70,000 Cash invested: $20,000 Sale price: $135,000 2 Bedroom 1 Bath 900 sqft fix and flip home located near public elementary school in an area that is getting fixed up.

Located in the Mid-West, thank you!

What if by the time I post there is almost nothing on the market in a comparable location of a comparable quality?

Any details on the typical specification of these and where to put them up would be very helpful.2) We have tank water heaters serving the units located in the basement of the building.