Ok I am representing the buyer not the seller. and I will have a buyer agreement in place.

Maintenance and UpkeepRegular Inspections: Schedule periodic property inspections to address maintenance issues.Emergency Repairs: Have a plan in place for unexpected maintenance needs.Furnishing the Property: Budget for necessary furnishings and appliances.7.

I'm going to exclude my personal residence from this because I don't view this as an investment, I need a place to live.Excluding my primary residence my current breakdown is 47% real estate 53% stocks/cash. 

I just acquired a duplex, and the tenant has been there 15 years and takes care of the place like it's her own.

Hey @Thu Pham, gratz on the new place!

Also will be adding two ADUs in the back to turn the whole place into a 4 unit rental.

I believe it is completely reasonable to have a clause in your lease that places a cap on utilities with any overage (proven by a bill) being the responsibility of the resident.Our clause states that any electrical bill (we don't have gas, and water has never been a problem) that is over double the same month's bill from last year will have the overage assigned as a fee.It is important to keep your bookkeeping straight if you do assess a fee.

I don't necessarily follow that model anymore, but it was a great place to start.  

It's no guarantee but it's a good place to start.

Even if it is only a 2 bedroom, great looking place.