I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.

To further boost occupancy and revenue, consider revisiting a dynamic pricing tool like PriceLabs, as it works best with more time and data to adjust rates competitively.

I use quicken and enter all categorized data the beginning of each month.

That's not ideal but it's manageable with travel nurses and other MTR tenants we'll be targetting.Thanks for the data @Eric Fernwood.

On the other hand, I am aware of a few students who thought they would start out small and work their way up, but realized that their first deal could very well be a 60+ unit apartment complex.

I suspect that is due the psychological aspect in the appearance of it being cheaper in rent, because it's all in the same  area/complex. 

I am looking to focus my investing on the commercial space specifically value add apartment complexes.

Just talk to your PM or realtor to dig the data up if you do not know it.

While it's true I don't necessarily trust the pricing software algo, I really like the ease of accessing the data.

Other strategies include gifting portions of the property to reduce the taxable estate or exploring more complex options like a Qualified Opportunity Fund or a Charitable Remainder Trust to defer or minimize taxes.