Currently, the stove, clothes dryer and water heater are all electric. 

Hey everyone,I've found a potential property investing in through craigslist and I had a few questions regarding it.Here are the details:Triplex fully rented: ASKING $479,000 - 3 Bed 2 Full Bath (rents for $1200) - 2 Bed 2 Full Bath (rents for $950) - 2 Bed 2 Full Bath (rents for $950)They say that the tenant pays for cable, electric, gas/propane and the landlord pays for insurance, mortgage, property tax, and trash.

For refrigerators and other major appliances it is within 72 hours.

The numbers look good:Location: Broadway HouseNumber of Units: 1Rent: $1,350.00 Square Feet: 1,666 Upfront Costs:Cost per Unit $95,000.00 Price: $80,000.00 Cost per Square Foot: $57.02 Cap Improvements & Repairs: $15,000.00Cash on Cash Return:19.84%Total: $95,000.00 Debt Coverage: [minimum 1.6] 1.78 20%Down: $19,000.00Capitalization Rate (ROI)9.05%Current Assessed Value: $29,666.00 Loan Amount: $76,000.00 Net Cash Flow per month: $314.08 Interest: 4.88%Net Cash Flow per month per unit: $314.08 Term (yrs): 30Total Rent/Month: $1,350 GROSS SCHEDULED RENTAL INCOME: $16,200.00 Less: Total Annual Debt Service: $(4,826.40)Less: Operating Expenses: $(6,470.63)Less: Vacancy and Credit Losses (7%): $(1,134.00)NET CASH FLOW: 3,769 NET OPERATING INCOME - (NOI): 8,595 INTEREST: 3,680 DEPRECIATION: 3,455 NET INCOME: 1,461 Property Insurance: $1,000.00 Property Management (10%): $1,620.00 Placement Fee(30%): $405.00 Real Estate Taxes (5.06179%) $1,501.63 Repairs and Maintenance (12%) $1,944.00 Services: Snow Removal: 720 Utilities: Electricity: N/A Gas and Oil: N/A Sewer and Water: $30.00/mo Other

I'm a journey plumber gasfitter and refrigeration mechanic apprentice so I'm come from experience.

The dryer works like a charm, the washer....unless I can fix it, RIP.I am thinking of keeping the coin op dryer for my tenants and buying separate ones for myself (electric is wired for different units, I pay for all water).I'm unsure if I want to go with a coin-op washer, or even coin-op in general.  

But, I don't have to do any of the major upgrades that I was planning (floors, electrical, counters, paint) immediately and can get positive cash flow immediately.If she decides to move on, then I make the improvements and put it back on the market at $900-$950 within 2-3 weeks. and get what I talked about above.So. 

Electric **** off for nonpayment a few timesI want money for security surprise surprise lol.  

There is some type of gray line here which I'm toying with but, basically, it means that it needs to have running water, electricity, cabinets, sinks, shower, toilet.

With my limited knowledge about Tx, Tx is a no license state, so therefore no bonds as well -- aka anyone can build; only some trades like electrical etc need a license.