Most work with us, some do not.Be careful also as they may tell you to keep their security deposit as last month's rent.

Hi Brian, not sure how close you are to NH but there’s a couple local meetups that happen every month in The NH seacoast area just across the Maine border if that is something that interest you. 

For example I have a unit in Nashville that has been sitting on the market for months.

After the inspection, we sent a request with a mortgage contingency date extension (because it was also difficult to schedule this with the agent), a credit for termite treatment and an extension for the closing date which would allow one of the current tenants to move out at the end of this month (when their lease is up) before closing.

For your scenario, you would be able to afford $8300 monthly mortgage assuming no debts. ($200K/12 months = $16k/ month of 50% = $8333.

All of our leases are being renewed and renegotiated within the next 8 months.

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

.: I’m guessing your $4,911 per month cashflow will look more like $0 per month.

Current timeline to purchase is probably 6-12 months as I start narrowing down and visiting some of the places to get a better idea over the next few months.

Quote from @Konstantinos Lembesis: Hello all,I have been monitoring the Akron market for a few months and I was wondering if anyone had recommendations for neighborhoods to avoid.