Utilities, including common area will also be different.

From experience with mechanical and utility issues in distressed properties, I would also wonder why the breakers were removed.

If the didn't do that then they have converted to LTR or MTR rentals at a steady monthly income and have the tenants take over the utilities which offsets the loss of more income.

Or is it better to utilize different strategies?

Great wait to start out 2024!

Investment Info:

Single-family residence buy & hold investment in Rocky Hill.

Purchase price: $270,000

We bought our primary residence in 2012. We then purchased 2 houses for investment purposes.

...

Use STR-specific insurance to protect both parties and automate operations with platforms like Airbnb, TurnoverBnB, and PriceLabs.Taxable income from the STR must be reported, but you can deduct related expenses like cleaning, utilities, and furnishings.

Big Banks like Wells Fargo, BOA, Citi, US Bank, and Chase utilize lending programs aimed to service large swaths of depositors.

In terms of scaling to three to four multi-family properties, you could really start using the equity that you do have to your advantage. 

You need to work with a lender that will utilize STR 1007 Data and/or AirDNA Income on a REFI.Tough deal but we do this consistently.