Biggest problem I see with those older home conversions is most of them require the owner to pay utilities cause it wasnt made for and split up in apartments. 

Other positives- both units are metered separately on all utilities so tenants can pay their own utilities and save me that headache of trying to figure out who pays what.

I don't usually overlook unpaid utility bills.

I'm certainly already learning a lot, and I look forward to utilizing it as a tool in my business.  

Flippers achieving $40k profits should look into utilizing an S-Corporation.

Keep your utilization less then 30%.

Now we need to find wholesalers and purchase and sell houses to build up a pot of cash to utilize for potential fix and flips or fix and holds for rentals.

We file for eviction on the 5th day and have them gone by the 5th of next month.It's business, tenants don't need to be chatting you up, just like they don't chat up their utility companies.

Mainly high credit card utilization.

I have done the math many different ways in order to determine what I should offer, I would greatly appreciate the BP communities opinion's.Here are the details below:8 unit, all attached, one big "box", 3500 sf totalAll are 2 bed, 1 bath units that are 425 sf each (3400 sf total) 100 sf utility room)Dishwasher, Range, Refer in each unit.Units bring in $570 to $630 a month depending on tenant locked in rate, i.e. new tenants pay more. ($4790 / month currently) 100% occ., historically 95% + occ. rateQuality: out of date,interior 15-20 years old, entire apt. unit built in 1990Maintenance: well maintained but out of date2 story,  1 acre, room to expand, slab on gradeNear high school and walking distance to hospitalGross income last year was $56,000, Actual Op.