Sure, you could argue that you'd be collecting rent from your tenants, but good luck finding a multi that has enough positive cash flow to cover the entire mortgage, taxes, insurance, vacancy, maintenance, capex and your living expenses, food, gas, utilities, etc.

That is not always but if we just look back to last recession and check prices in the oil and gas regions ($100 barrel)  one might see these locales were not affected as much or not at all as I recall. 

I wanted to throw the numbers out there to see if you all had any advice or if I was missing something.It’s a duplex, electric is separate but gas and water are shared.Purchase Price: 71,000Annual rent: 18,600Annual insurance: 1,200(est.)Taxes: 2,883Garbage: 290Vacancy: 1,860(10%)Maintenance: 1,860(10%)Management: 1,116(6%) 775 placement fee (50% one months rent)Capex: 930(5%)Total: 10,914Annual mortgage: 3,453.6018,600-14,367.60=4,232.40 cash flowUnfortunately management is a must since it is long distance.

It is a duplex, electric is separate but water and gas are not.Purchase price: 71,000Annual Rent:18,600EXPENSESVacancy:1,860(10%)Maint:1,860(10%)Managment:1116(6%)    750(placement fee 50% of rent)Capex:930(5%)Insurance:1200(est.)Taxes:2,883Garbage:290Total:10,889Annual Mort:3,453.6018,600-14,342.60=4,257.40 cashflowSeems like it could work, i am thinking i will have to bill the tenants for gas/water/sewer after I get the bill. 

Stockton University will be opening it's Atlantic City campus this year which consists of a Residence building on the beach block, Academic building across the street and a shared garage with South Jersey Gas.

That can likely fetch $1700 if not a bit more.Comp that sold recently: $300kEstimated repair costs: $75k conservative (full gut)Property Taxes: $4,500 per yearUtilities: Separate for each unit, tenant would pay their own electric, gas, garbage, etc.

from livestock grazing-split the land (gosh, I’d hate to), hoping a smaller section would bring more price per acre-contact oil or gas drillers in the area to see if there might be potential for mineral incomeFinancing:-no idea.

@Scott Ewell Thanks that helps validating the rent for area.Thanks a lot guys for helping here! 

I am participating in Landlord Cooperations Program in Philadelphia provided by PGW- gas company.

A friend of mine , his mothers gas hot water died .