So the pundants saying rates will drop significantly and home prices will skyrocket - I am not an economist but I just do not see it.Cpi going higher with these rising gas cost 

@Andrew G.,  as I was trying to convey, I cannot say whether this is a good investment or bad.  

What utilities do you have...gas, electric, water?

sewer gas is hard to pin point.Ask him when he is getting the smell, after he showers?

The kitchen features a gas stove with a high BTU cooktop (140,000 BTU when all 5 burners are in use).

Other considerations things to look at include; are any utilities common (like paying for a boiler for all 4 units instead of individual furnaces), how does access/common areas work, do the tenants all have access to laundry, are there any common area utilities (light common area lights, electric or gas for laundry) that would stay in the owner name.  

I will split the gas and electric onto its own meters. 

In today's market conditions, buyers are fewer, federal and state tax credits are gone, and buyer confidence is low (in large part to the high gas prices and the poor job market).

Others will use the local gas station bathroom and shower at the gym.

(My only current expense is ~$100/month on gas)