I bought a 4plex in December that has 1 water line so water is included into the rent and each building also has it's own coin operated laundry machines.There are approximately 10 tenants in the 4plex and we've had a few turnovers the last couple months but water usage since June has nearly tripled.

I have 127 rentals and soon to be 154 (fingers crossed).I've done everything from single families, multi families, commercial, office, triple net and land development. 

If this is your only 5,000 or you have 10,000 total then try to assign the deal and double or triple your money.Save up that capital for a better area.Have you checked on county or city fines?

If you buy the parts, though, they are very likely to not even warrant their work since they can't be certain what they are starting with, and that will go triple for someone such as yourself who doesn't know diddly about construction and quality materials. 

***Sorry for the triple post***

I have found, as a landlord, I can more than triple my NET income by following this principle.

I love the art of the deal for triple net and also apartment buildings.The best way you can share on Bigger Pockets is to give knowledge freely and people will gravitate toward you by what they read.

Jared-If this is a triple, you are in good shape, sure I think if you could offer $170K for it and this is something they are willing to entertain great!

I am speaking as a triple major and someone who also holds a masters degree.

And if your state allows for triple damages, as someone else mentioned in this thread, then the seller is facing massive losses both of the EM, possible damages and their own legal fees.