All of our properties are fully renovated, including upgraded electrical, plumbing, water and heat, to ensure low cost on future maintenance.

When the swamp cooler needed repairing/possibly replacing in one of the units, I asked the tenant if she was interested in getting AC and she said she wouldn't be able to afford the electricity  and preferred to keep the swamp cooler.  

Smoke damage and mold issues and electric meter monkeying/diverting (with huge fines from your utility) will knock any extra monthly you got out quickly.   

This means a roof that does not leak, hot water available, heat and air conditioning, and good plumbing / electric.  

Cost for the property associated with developing the land before construction will vary based on grading, sewer, electrical, roads, surveying depending on the location of the land, soil testing, etc...

We do mobile home parks so we typically are not looking for one person to do a general inspection but we hire a plumber to come out check water/sewer/gas lines for a professional opinion , same with electric , or if there is roads that look kind of questionable, we will ask a paving /concrete contractor to look at it.  

I changed a water heater, huge leak in one of the units, electrical issues, and I even had to dig a 3 foot hole under the house and personally fix a pipe.

Assuming gas is $100 and electric is $50 a month.

Paid $96k for a 2 Bedroom, 1 bath HUD home in downtown Windsor, CO in Nov. 20133.5% down, FHA with escrow account - we had 30 days to paint exterior, get water, gas, electric turned on.

With the exception of some electrical and plumbing (as listed on the property report), the house could be moved into.