Rents are $17,700  with tenants paying their own utilities and total costs are $12,030 including the mortgage payment.(10% management $1770, 5% vacancy factor $885, maintenance $885, lawn care  $900, 10 % Cap ex $1770, Payments $5820)This leaves $5670 dollars a year in cash flow for a ridiculous 56.7% cash on cash return! 

I know on a retail purchase, the buyer sometimes has to sell their home and will utilize a kick out clause. has anyone had any experience with this?

I am looking at a deal just north of Houston that is 2 4-plexs on 1 lot, and I wanted to double check on cap ex and maintainence numbers.All city utilities, flat roofs, built in 1966, updates have been done, some new ac’s.

Utilize these resources!

You should be able to run an utility knife on the edges to cut splines then pull/scrape them off.

Whose name are the utilities in?

I am about to break ground on the remodel of my home and am building an ADU over my garage for the same property.My question is....is it worth spending the money to separate the utilities or just have one water, electric and gas meter?

When house hacking or just renting in general, what are the pros and cons of including utilities?

(All pools are usable etc.)What are the typical costs of utilities, property taxes, insurance and the cost of furnishing the property in a manner consistent with the rules?

the issue at hand is a question of whether the property is considered abandoned or a hold over. this issue would vary slightly state to state, and would most likely fall on the judgement of the judge who presides over the case. however, if nothing has been removed from the apartment, I doubt any judge would call it abandoned, perhaps if all utilities are turned off you may have an argument. if everything is missing except garbage and maybe a couch, then you are probably looking at abandonment, but from the way the story reads, I doubt any judge would be happy with what the landlord did.