Repairs: 3,010Utilities: 2,884 (tenant pays heat/electric/gas, owner pays water/sewer and trash)Taxes: 8,925From my analysis, using the 50% rule, at the $3,070 gross, would leave $1535 after expenses.

The realtors info provided to me was "annual expenses on the property are 6870 dollars which includes grass cutting, snow removal, gas, water, electric, trash removal, septic maintenence, applicance updates, lighting, painting, repairs, etc.

They don't lower their fees when they get a better deal on the phone system or the price of gas takes a dip.Now stuff directly related to marketing my property or to facilitate my purchase of a property I feel those are justified but the other stuff is cost of doing business and while they need to recover those costs it doesn't add value to me and I don't want to pay more for the service.If I go $10K over budget on a flip I don't up my ARV to compensate if the market hasn't gone up, unless I don't want to sell the place.If my expenses on a rental goes up $100/month I don't raise my rents, unless they are below market, unless I want the residents to move out and have a hard time getting new ones.Generally consumers aren't interested in paying more for things with no new value regardless of what the sellers cost structure is.

If you personally guarantee the note, if you manage the property, if you had anything to do with the rehab,,your tied to it even if you hold the property in a corporate structure 10 entities downline from you.There is NO getting away from personal liability IF you manage the property, are responsible for the property and its upkeep, or your personal name is tied to the note in anyway.Go talk to a lawyer that you trust, ask them how to keep all liability from your personal name,,they will probable tell you to not invest in real estate, even silent partners can at times be brought into lawsuits.If you have a $5 Million umbrella policy you shouldn't have a problem unless you leave a leaky gas line unfixed after you were notified and someone is killed,,then bankruptcy is the least of your problems.

there is a gas line but im considering capping the gas line and keeping the house all electric.my plan is to just get the place livable and functioning.

60% Also if you want to convert this heating system to use nat gas and be four separate systems so tenants would pay this.

Most of the units have metered natural gas but I am not sure if there are good options there for individual heating.

Regarding it being a defective stove.....If it's electric then that should never happen but on some gas stoves the broiler is in the bottom drawer.

Of course, those tax schedules are also great for validating expenses and capital improvements that have been made.I have asked for anything like this on the few purchases that I have made.  

Now that she's dead her family has cut off the electricity and gas to the house.