We are also very cautious with private utilities.  

Since it's officially it's officially 2 units 3 BR=$8501 BR=$600=1425Worst caseOr just $850 (up to 1150) if I house hack (live in one unit).I'm guessing expenses (taxes, insurance, cap ex, repairs, vacancies) for the area to be about $500 if I'm cautious.

@Jim KeallyJust be extremely conservative and cautious analyzing this property.  

I would be cautious about the the companies that advertise on FB or really advertise at all.  

I also thought being an out-of-state investor may cause banks to be a little more cautious.

If one of the Unicorns goes down that could spell some bad news in the area so I'm taking a slow and cautious approach.I'm just practicing and crunching the numbers on new places that come up to get a sense of what's normal in these areas (forget 1% rule from what I see).  

So, more courses and books and seminars are in your future just be cautious of the uberhype!

@David D'Ambrosio I'm always very cautious about MF because often times they tend to be in rough, high crime areas and combined with that, you do generally get a different caliber, more transient tenant.I like the Kansas City market for multi family however.

In this day of inconsistent and over cautious appraisers, that's unusual.

If I am cautious about the big ticket capex items(roof, heat/air), what is the harm in purchasing these types of property?