However, I've lived in extreme heat and extreme cold and I know my tenants would smoke in the house during the mean seasons.

I moved here from Florida in 92 and I go back to visit my family once a year but I just can't take the heat anymore.

Example: Best Heating and Air Company, Big Green Landscaping Service, Sammy's Snow Removal.

., no heat in winter, no adequate plumbing) or something minor (the toilet roll holder fell off the wall).Gail

The common areas have electricity for lighting and hot water heat and there are two coin laundries so the owner utilities consist of common area electric for lighting, gas and water for the common area heat and hot and cold water for the coin laundry. 

I'd love to have them both of them billed separately and not have to deal with including heat in rent for either one.

LTV is 75%. 5 PlexTotal Rents: $45,600Vacancy 8.7%: $3,967Taxes: $4,520Insurance: $2,100PMC: $4,560Repairs: Unknown (Could be $1,000 or best guess of 10% of GRI $4,560) Need inspectorElectricity, Heat & Water: $2,500Misc.: $200Total Expenses: $14,880NOI: $26,753Mortgage: 4.63% Debt Service: $18,026Cash Flow: $8,727Down Payment: $97,500CoC if Maintenance at $1,000: 8.9%CoC if Maintenance at $4,560: 5.3%The maintenance portion of the above is not fully vetted and could bring my CoC return lower.

I think the dreamer / hobby-business aspect helps: Most people pick RS for certain reasons & entry/exit can be (rather) fluid-- it's not like most of us picked this major in college, and feel trapped in a system as a professional  we didn't understand as a teen-ager.

Runners approaching the 20th mile in the summer heat will know exactly what I'm talking about.

HOA has healthy reserves per sellerOne special assessment since 2008HOA takes care of water, Heat (gas) and water boilers (one per two units), outside maintenanceProperty management cost $500 per month and handles all paperwork, payments to vendors and collection of dues.Thanks