Depending of the size of a multi-unit property the electric for outside lights can be $70 to $250 per month, gas for only washers and dryers $80 to $100 and gas for how water when furnished by the landlord is $30 to $40 per unit.You should be able to get the numbers off the marketing package.I just developed a software application for exactly what you want to do: Go to: http://www.bestlineplumbing.co...   

I see posts in the mass media and reality shows with owners pounding their chest about 5-10% cap rates or gross incomes ignorant of $100k downpayments + $100k renovations/furnishings.

You are financing, right now anything even resembling a decent deal is being bid on by at least 5 cash buyers that can close in 14 days or less.

I’ve calculated all cash invested including closing costs, Mortgage, utilities, insurance, furnishing the unit, supplies etc.  

Best is to find that slight fixer with some value added. ie: CA zoning laws are allowing ADU's [accessory dwelling units] and even more aggressive laws are coming out next yearI take it even one step further and rent furnished rentals to nurses and other professionals.

@Rodney DanielsI go to the property conduct any rehab and furnish it.  

Luckily, Stephen understood the potential revenue and was aggressive and picked it upClose price: $570,000He closed in late May, spent a month furnishing it and went live on Airbnb on July 1, 2021.The revenues & costs$9,375 -- average monthly gross income through the first four months.($4,800) -- average costs through first four months.

Cons:- More upfront time and money: The actual hours and dollars required to set up an AirBnb vary based on the unit’s size and the level of luxury you would like to offer; yet it cannot be ignored that furnishing a unit takes a considerable amount of time and money at the outset. - Management time: The time allotted for managing your STR property(s) can also vary greatly based on whether you have outsourced each task required.

New electrical panel, pool heater, and above-average furnishings.

For separate entranced furnished units we are trying to make things safe for housekeeping in a volatile legal climate.