Individual window air units in each unit.WATER: One water supply, making water included in rentELECTRIC: Individual meters for the 4 two bedrooms, making each unit responsible to pay electric on their own.CURRENT RENTS: Gross: 3050 -(2 bedrooms:700, 700, 675,and 400 for unit with property manager) 575 for basement unit. 

Consider all of these opportunities blessings and seedlings you need to water in order to grow your own business.Never.

Also, if the tenant is responsible for example, for the first $100 any repairs.You could also provide in the addendum the names and phone numbers of the local utility companies, water, and cable providers that they need to contact to put in their names.

You can't help but catch fish with lines in the water!!

§Providing access to vital services: You must provide access to hot and cold water, electricity, heat and fuel (e.g. natural gas).

I tried doing the same type of analysis for multiple properties and keep getting negative cashflows.Address: 11903 Fork Creek Dr, Houston TX 77065Purchase price: $110,000 (asking $128,000)Loan type: 30yr @ 4% fixedCash needed = $22,000 (20% downpayment) + $5000 closing = $27,000Monthly rent = $1,350Property taxes: $209/monthInsurance: $396/monthOther expenses (water, sewage, etc): $100Vacancy/repairs/cap expenditures/prop mgmt: 5/5/5/10Result = $1,350 (rent) - $1,425 (total expenses) = -$75.02 cashflow (??)

Realtor said the owner paid average of $110 in water sewer garbage. 

One thing to remember is with condos one of the biggest liabilities is damage to your unit that spreads to other units (ie water leak).

Look forward to helping you navigate the waters, and hopefully helping each other do some business together.

Yes, they do have HOAs, but HOAs help you maintain the building and generally pay for water/sewer/garbage which you pass on to your tenants.I have been investing in condos personally for a few years now and have seen prices skyrocket.