Subtract $350 for HOA dues, maybe another $400-$500 for electric and internet, and potentially water bills. 

and deal with power lines, water lines and sewer, maybe seal the well. 

under mount granite or quartz counter tops.. water closet  heated floors ..

However I have had to replace some major appliances recently which had put my in the defecate and added to my motivation to sell (Hot water heater, two refrigerates and a washer/dryer).

Shared laundry meant a fifth utility meter and high water costs that I paid.

That kind of shoot-from-the-hip approach can be fun for a minute, but it usually ends up like my old buddy Rick’s first deal.. he bought a distressed fourplex in Tucson years back without a real plan, and while he eventually turned it into a solid monthly cash flow, he spent the first six months sleeping with one eye on the tenant ledger, praying the HVAC wouldn’t bail on him after a hot desert day.

Water in San Diego is real expensive.  

I am in Milwaukee, very hot rental market.Whenever you have an issue like this, think with an XLS and project dollars, for example:- 2 months lost rent: 2 x $2000- 5% lower purchase price: $15,000 

I just had a vacancy come up in the middle of a fourplex escrow and the seller had the unit re-rented in under a week for $50/more per month. 6) Yes it's hot, but with individual metering the landlord doesn't foot the electric bill 7) Yes the market is competitive here, but mostly for 3/4 unit properties.

It will damage the firebox and the chimney as it burns hot and fast.