Also, in my lease for tenants, it states that the tenants are responsible for paying for heat utility.In New York City between the months of October and May, landlords have to have to keep the heat a certain temperature.My question is, am I still responsible for keeping the temperature at a specific number if I placed mini splits in each unit and that my lease says that the tenant(s) are responsible for paying the heat utility?

The laws are not landlord friendly at all and it's common for landlords to get stuck with a non-paying tenant or squatter and have to legally keep paying the utilities, taxes, mortgage, etc. while the eviction gets delayed in court for months or years.

Assuming CoGs and G&A are zero...Revenue (rents) - operating expenses (Advertising + Auto & Travel + Cleaning and maintenance + Insurance + Legal + Repairs + Supplies + Taxes + Utilities + Mortgage interest + depreciation = Gross Margin (also your EBITD) ** Include interest and depreciation here?

Hire a PM before you find you have a non-paying tenant living in your home for 6 months while you beg him to leave while paying his utilities/repairs and probably a relocation fee  I hope you sell, but good luck either way  

Our lease briefly mentions all utilities must be turned on, does not mention the consequence... this old lease is killing me lol.I don't know what the proper response is, could there be a huge utility bill waiting on the other end of this that falls on my lap?

We totally get the premise behind the Brrr method but at the same time, if you can utilize the same cash principle to buy a bigger, better rental house that will appreciate well over time due to location, wouldn't it also make sense to consider using the cash house equity for this bigger location house to be refinanced later at a lower rate and take the equity out of the better location house then and use the equity later?  

that way you can utilize a lower downpayment and potentially rent by the room?

I am hopeful that MAREI and other entities will have clarification on how a landlord can and should utilize this ordinance.

This will also help you be organized when completing taxes and writing off any potential expenses like furniture, utilities, repairs etc. that come with the rental business. 

The electric utility was shut off.