Learn to utilize BP for all it has to offer.

What about getting utilities metered for this unit?

The best part is, my cost will only be $950/mo, utilities included.Does it sound too good to be true?

Also, are there certain negotiation tactics that could be utilized when coming up with a purchase price?

Anything that is your living cost is not a rental expense so 50 % of shared utilities etc.

ALSO - maybe the landlord pays all utilities, which puts the rents artificially higher than market (are the rents at typical market?)

Its a 4 unit in a nice area, listed at $225,000, doesn't need any work and is fully rented at $3,200/mo.Details:Taxes: $4,250Insurance: $2,400Maintenance: $300/moVacancy: $330/moLL utilities: $75/moMonthly expenses: $1,260Financing 100% through personal loan & mortgage: $1,350Monthly NOI including financing is $590Thoughts on this deal?

Thank you @George Paiva for your thorough insight.I wanted to get the maximum cash-flow by utilizing a 30 year term.

However that would be after PITI + Property Management (even if self managed), maintenance reserve (based on property condition, age, location, etc), and other costs such as utilities, landscaping, or applicable association fees.

That business then has to pay employees, rent, utilities, insurance, etc...If it costs you $500 a month for mortgage, insurance, property taxes, and repairs, and you can rent out such a place for $1000 a month, then you're doing a lot better than that business.