I am aware of the “fair market value - arms length transaction” that certain Agencies will be looking at, which may affect this and blow everything out of the water.

@Gina Jurlando that would only be the part near the water.

The cost is to treat the water, heavy iron and sulfur.

Tenants pay their own gas and electric, so that's why I've only included the water, sewer and garbage in my numbers. 

Truck mounted professional carpet cleaning is powerful enough to extract all the water, which is critical when cleaning carpet.I would not use bleach, but I would try Oxiclean on it.

I was still waiting on my ex wife to refi the house (she kept it) so I knew i'd need to put closing as far as possible to make sure the bank could process everything as I'd need the refi money for the downpayment here.The seller accepted my offer and 2 days later a water heater blew up on them and apparently the tenant they were in the process of evicting did not notify them.

I was told that the individual could not give me an estimate for specific areas in regards to utilities (electric, water, sewer, etc) because there are too many variable that go into it such as square footage, gas vs electric, etc. etc.  

Not only that we need to purchase furnaces and water heaters etc. 

I am testing the water by trying to get a home for my daughter in NC for owner occupy, no for investment.

Greetings, Have a potential to purchase a 6 unit (2 house, same lot, 4 unit and 2 unit) The details are as follows.Year built: 1900 +/-2 houses: 1- 4unit and 1- 2unit on same lotList Price 224,995 (assuming a 190,000 purchase price and 25% down payment)ExpensesMortgage 1104.80/month (20yr term @ 7%)Taxes 443.93/month (5327.15/yr)Insurance 224.58/month Water/Sewer 41.25/monthElectric 10.85/monthGarbage 85.08/monthSnow 68.75/monthLawn 54.58/monthHeat 0.00/month (each unit has its own furnace)IncomeUnit 1 - 550/moUnit 2 - 595/moUnit 3 - 650/moUnit 4 - 750/moUnit 5 - 595/moUnit 6 - 225/mo3365/mo Vacancy 10% = 336.50/moRepairs 5% = 168.25/moCapex 10% = 336.50/moProperty Management 10% = 336.50/moAll units in good shape and no deferred maintenance to correct.