We gutted the entire property to the studs and redid all of the electrical, plumbing and the entire home.

I recently purchased a multi-unit where part of the sale was to upgrade the electrical to meet code.

Hi guys I am looking to purchase my first Multifamily this would be a first deal in real estate I found with my broker a property I am thinking maybe a good deal but I would like your thoughts on it . 4 unit Multifamily centrally located in west Chester NY Income 3720$Expenses Mortgage insurance and taxes is 1276$ a month Vacancy 186$Repairs 186$Cap ex 186$Management 372$As of now the landlord pays electricity and gas 600$ a month Water and sewer 50$ a month I was thinking if I take the property and put separate meters for water and electric I can have the tenants pay their own utilities Please share your thoughts on the deal

The tenets are responsible for electric, yard maintenance and snow removal.

The home is in a rural setting and is heated primarily with a wood stove in the basement and electric baseboard.

You really just need to know about the big items (foundation, roof, hvac, plumbing, electrical...that stuff).

My GC would have to sub out some stuff like electric/plumbing, but I think this house is probably going to sell for a lot more than what I have as my purchase price. 

At the moment there are no roads, electricity, or running water to the property.

I made it clear in an addendum I added to the lease that it was an unfinished basement and any and all improvements that they want to make or do make have to have prior written approval from me or my husband as well as permits and insured licensed contractors for electrical, plumbing, etc.

It was a struggle at first dealing with bums living in the shed stealing electricity from my house.