The reason behind is that to bring utilities to the property will be expensive if I only build 8 units.

Many people don't mind seeing the moving boxes either, they understand the situation.Two things to watch are transitioning the utilities and carpet cleaning/move-out cleaning.

I fully intend to utilize them, which I'm sure will give me a clearer picture, as I embark on this venture.

I'm just applying the 50% rule that says 50% of gross scheduled rents will go to vacancy, expenses (taxes, insurance, routine maintenance, make ready costs, tenant damage in excess of deposits, utilities at least when its vacant, CPA fees, legal fees) and capital (roofs, floors, appliances, furnaces, sewer lines, etc.)

Most conventional lenders will want utilities on.

It's probably bias cause I look up to him but Mark Cubans "How to Win at the Sport of Business".

you do it at sporting events - you need to wake your mind up and let me know your here.

Finally, make sure that your utilities are split on multi-families.

You will have a bit higher costs with the 2 properties vs. 1, but this seems like a no brainer to me.Assuming you do get the appreciation in one and none in the other two, you're looking at about $1350 in appreciation each year that can only be utilized if you refinance (spend money for a new loan) or sell.

Typically your rent should cover everything like PITI, repair and maintenance, etc and your tenant pays for utilities.