There's property tax, insurance, trash, water, sewer, property maintenance, state transfer tax on both the buy and sell.

With as hot as the market has been recently, many folks who bought in 08 are realizing that they are no longer under water.

Is it illegal to have one water meter in a duplex property when renting both sides out?

Combine that with the rusted out gutters leaking water on there and the California sunshine and I bet you dollars for doughnuts that the siding will be pretty rotted in places.

I am also assuming that the utilities they are speaking of is water/sewer.  

Includes, tax, Insurance, Capital expenditures for stuff that needs to be repaired, monthly financing, any utilities that fall to a landlord like water or sewer (confirm any costs in that area) and a vacancy rate.Once you have all these numbers, you can work backward to your offer price based on the return you want to get on your investment. 

@Matt Bowers,Purely my opinion ...I'd borrow out as much equity as I can and put it into another income property.Money that's not working for you is "dead" equity.My $0.02...David J Dachtera"Success is not a destination.

Hello @Sarah Cycon  & Michael ; @KaSandra ShirleyAlways great to see new investment blood in the water in the Evansville area!

I just get the vibe of a shark in the water.... haha!  

I'd like to find some good numbers for sewage, water, garbage, and homeowner's insurance.