I also factor the insurance, hoa dues, garbage collection, snow and lawn, utilities, advertising, maintenance/repairs, CapEx, and property management.

Ideally I’d like to keep one of the units but move proceeds from the other two to other long term investment property where it doesn’t snow. 

Plus Northerners are getting fed up with the cold Winters and shoveling snow.

It is only a precaution in case there is a leak so the house doesn't flood.Other than that, you may be responsible for snow removal or other typical lease items through the last day of the month.

@John Underwood - In Milw - trash and winter snow removal are tied into the water bill. 

What about liability if they get snowed in and frost bite because something doesn't work on the cabin.

You know how many people move here to get away from the snow?

Flu, snow...things will pick up.

Other shared expenses could include insurance, snow plowing/landscaping and trash removal. 

The downpayment will be financed by a private lender.Mortgage Payments: -$350 to private lender ($60,000 at 7%)-$495 to seller (170,000 at 3.5% interest only)Monthly CostsProperty Taxes: $833Sewer: $100Insurance: $120Lawn Care/Snow Removal: $100CapEx: $100 (new roof, windows, everything is in good shape)Vacancy (5%): $150Repairs (5%): $150Total: $2,398.17Monthly Rent: $3,000Monthly Cashflow: $601.83I am still unsure of how to approach the tenant who is paying $1,800 instead of the written lease terms of $2,200.