I can only speak regarding structuring the deal as I have not utilized partners personally but it really can be anything that you want.

I’ve heard that this neighborhood doesn’t really have any problems from a social worker but outside areas aren’t good. 3/4 units are currently rented at $900 each, renters pay utilities.

Hope this helps...https://www.starkhelpcentral.com/rent-utilities-assistance

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

Just because we did it so quick shouldn't diminish the value, hard work and systems required to produce the result for you.  

$400k equity is producing $1600/month cash flow for a return from the cash flow of 4.8%.  

If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.

You need to understand how to drive the Net Operating Income to produce a good solid return. 

Out of that voucher amount, they will have a utility and appliance work sheet that provides a cost for each utility or appliance not provided by a landlord for each bedroom size.

Or is it better to utilize different strategies?