@Marc Robinson what's the lot rent, who pays what utilities and what's the source of the water and sewer?

Purchase price: $465,000 Cash invested: $80,000 Checkout my Airbnb here: airbnb.com/h/madeirabeachoasisSalt Water Pool & Hot Tub: $60,000Tiki bar with electrical hookup: $3,500Mural: $1600Interior Furnishings: $6,500Exterior Furnishings: $1,500Monthly gross booking revenue: $8,000-$12,000

@Sharma Parth the company is out of Arizona and in 12 markets.Just a few years ago, Flint had a major crisis due to lead water line poisonings.

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

You said public water was available...would the lots require a septic system to be installed or is public sewer available? 

I agree with Nathan (don't forget to price running extra water, sewer and electrical lines).  

All water, sewer, and electrical infrastructure is being replaced.

On top of that, the water pipes are on the ground, which is not allowed; they should be run inside the walls.

Your PM replaced the water heater because it was leaking.

If you buy a hot water heater for the other unit, you can write off 100% because you have no personal use of that hot water heater. etc.