This may also be because parts of the annex are within 5 meters of the property behind. 

Given this is where my major operating expenses fell (beyond taxes and insurance), keeping this cost lower, by average, helps my cash flow.I invest in older neighborhoods, so the 2-4 unit properties, typically have single water meter, maybe single electric, and many have radiator heat with a single boiler.  

The one percent and 2 percent rule ive never looked at ... cap rate is .. meh .. its there - what im most concerned with is the price of the home relative to comparables and cash on cash to start.   9)  I look  the other way if it is a multi unit that is not separately metered - thats always one of my criteria here in pgh as there are a lot of older homes and a good portion you wind up worrying about who will cover utilities.  

We aren't permitted to charge tenants utilities unless they're separately metered in Delaware

Waived Fees: For vacant lots that previously had homes, water meter and sewer tap impact fees are waived.

Typically you end up putting in a new meter socket, new panels and the new service. 

Since most of the homes that flooded took on electrical damage, you will almost certainly need to file a permit to do renovation as you will need the electric company to shut the power off, provide temporary meters, and turn the power back on.

Total monthly revenue 5700/month for all units rented as LTRs. 25% percentile rent on Rent-o-meter.

Properties with separate meters often have tenants pay; otherwise, it’s typically landlord-paid. 

I came back from Tulum so much construction going on insane. 25x300 meters of land on beach side ( cant disclose where but so good) $900k.