At this price we are looking at (what we can estimate) monthly costs of about $3200 (mortgage, electric, gas, PMI, taxes/insurance).Our concern is that renting it out will not bring in enough throughout the year to cover the 40k cost to own and operate it.

UTILITIES: With what is happening with the natural gas market make sure the tenants have separate utility meters before you buy the property.

It's now 7 years and we still have not built.Due to my wife's job, we don't want to move out to the country (her current 2 minute commute is hard to give up for an hour drive especially with current gas prices!)

This is based on my knowledge investing in the same county, Lake County (Eustis and Leesburg) but not specifically Mount Dora.Expenses: Mortgage- (includes taxes, Insurance, HOA if you have an escrow)Electric- (hopefully the meters on the units are split or this will be your expense) VerifyWater - (usually not split in many multi-family) Verify, in my experience that cost will be at least $100 per unit so $300+ as it includes Sewer and Trash.Gas - (if there is 1 gas meter then you probably will be accountable for that cost if all units have gas) Verify that there are 3 that is split.Rental Permit- Some cities have this, friends of mines that rent in Mount Dora has told me in the past that they require a yearly permit for this.

If the landlord is paying heat, cooking gas and electric, the voucher will be higher.

They just aren't.But for retrofits, there's as good as you're going to get without major surgery on your building.I've used them to replace or augment gas heating in a couple of projects.

I work in the Ohio Valley where most of the economy is driven by oil and gas.

With this platform landlords and tenants can have access to important documents, have insights on water/electricity and gas usage, have a better connection trough communication tool, have personal popups, and much more features that will be created.

I had a non Section 8 tenant mailing me 4 Money orders from a gas station every month since she had no bank accounts her husband worked and each week with He was paid she would cash his check at a gas station store.

Gas heat and water heater.