It does not account for if a complex has owner paid utilities or some other high and less common general expense.I don't find it very useful at all to evaluate 50+ unit apartment buildings across the country as there are just too many variables.

She moves to NE and is happy to be done with that **** hole. 3 weeks later she gets a letter in the mail saying she owes $6,000 for the rest of year because actually no one did rent it out and she has to pay for all utilities since she moved out(told to leave because someone else was moving in).

I would not include any utilities since it is a single family home and after research I see that many of you include utilities only when you are dealing with multifamily properties. 

You will find plenty to read and learn from here, just utilize the "learn" tab above and get started!

This strategy is working great for me but I'm interested in what  strategies other members are utilizing to target highly motivated sellers?

Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.

The seller told me that the tenant was on a month to month lease & is way behind on rent and utilities.

My thought would be to later utilize the land as one mass for rebuilding.Thanks

Step 3: Don't include utilities.

During the Master Lease term, I will have the right to collect all rents, the responsibility to maintain the property and pay all expenses and mortgage, as well as will have ownership and right to access and utilize the equity in the property as I see fit.