To me that's just not acceptable.In the case of that one offer letter I went to see a property and it was badly damaged by water and had lots of mold.

So we didn't do a 203b.Well actually our income self funded our renovation and that "downpayment" ended up buying our first two pure rentals.

No public water or sewer is available yet on that side.

I'm guessing $250-300 per month for electric and $75 per month for water/sewer, based on public information and experience.  

There are also 3 garages beneath the units that could be rented out as well to get additional income.His monthly bills are (mortgage, insurance, water and interest) are $2590,-He is paying for all utilities which i think should be decided amongst the tenants. 

New water heaters..Plumbing is OK, brass water piping needs replacement.So what I originally thought would make a great deal, has turned somewhat OK to maybe bad.  

Look if you are living in America with running water and electricty much less heat, hot water and a refrig/tv you are living better than royalty a couple hundred years ago. 

I like to think of each marketing technique as a line in the water, and constantly be looking for ways to get more lines in the water because it all adds up.  

SFR with Metro Water Services are $20-40 per month (bigger houses than this I realize), but I would think it might be more for 14 units than what is shown there.  

I bought a second for investment and would not buy anything that did not bring in positive cash flow because it was purely an investment.