Utilities, property management, taxes? 

The land use is residential duplex on the property assessor records meaning the property is legally grandfathered as a duplex as it has two separate utility records for gas and electric historically. 

Should I look to install solar panels to help offset the cost of utilities, either in the shared space (hallway lights) or across all units? 

All utilities are turned off.

@Harjeet Bhatti I don't mind utilizing a certain amount and covering the rest out of pocket.  

Total Cash: $36,000 1% Rule = 1.49%Monthly rents: $2,200Monthly exp:Taxes $220Ins $120Lawn $42 (5 months @$100)Util $200Mortg $646 Maint $154 (7%)Mgr fees $176 (8%)Vacan $110 (5%)Cash flow: $532 What made you interested in investing in this type of deal?

Additionally, you would need to check if the "market rent" you are referring to includes or excludes utilities. 

Hi,On a 8-plex we are offering on, the seller utilized a 5% cap rate with existing NOI(30k) to arrive at 600k purchase price.

Lease is for 2100, but that does not include utilities, which is about 400 per month as well.  125 month set aside for CapEx.  

Any rental income you receive minus expenses (mortgage, insurance, utilities ) will count against the income threshold as well.