I might even stop by and watch the eviction court for a bit.

If these things are open in your state, go sit in on the Real Estate Commission disciplinary hearings...and go sit in housing court for a couple days.

I had a foreclosure I bought on the court steps that I ultimately sold back to the defendants son.inlaw.  

It maybe a little more complex if the property is in your personal name.And I wouldn't necessarily look at putting more money down on the down payment (20% or more) as a bad thing.  

I currently own a complex in Los Angeles but that area is saturated and properties rarely cash flow for me to seek to expand here.

This is a complex question that weighs risks and costs.

In my 20 unit complex, no one wanted to be on the board because the PM was a bully and the board comprised of his buddies. 

I commend you for not allowing the potential complexity of the deal to immediately scare you away from the opportunity. 

If you try to raise it more the tenant can hire a tenant advocate and the court will likely side with them.If I were you as part of your business plan I would plan on increasing the rents up to approximately 10% a year until you reach your target amount.If you insist on receiving the property vacant then make it as part of the deal, meaning have the seller deliver the property to you vacant.Also in the state of New Jersey if you are to evict a tenant and you own the property in an LLC then you must hire an attorney to handle the process for you.

NH is fairly lenient on sub metering and billing, so it should be fairly straightforward.I see systems for larger apartment complexes, but I don't see a lot of low-cost systems in place to accurately measure and recover costs to heat a unit in a small multi-family dwelling.