Lacking direction from historical operating trends, after figuring out what is separately metered and who is responsible for what utility, I would then use a combination of common sense and reaching out to a local expert to underwrite each applicable utility.

Investment Info:

Large multi-family (5+ units) buy & hold investment in St Petersburg.

Purchase price: $235,000

Cash invested: $235,000

5 unit complex in an up and coming neighboorhood

Investment Info:

Large multi-family (5+ units) buy & hold investment in St Petersburg.

Purchase price: $342,000

Cash invested: $279,000

9 units in the up and coming neighborhood in St. Pete

Purchase price: $970,000 Cash invested: $970,000 Awesome location in historic Old North East just up from the ocean and downtown St.

Usually they have the lowest default rate historically percentage wise of public traded and rated companies so lenders tend to give the best loan terms on them.

In historic homes, people love original features.

Positive terms include outstanding historical return, appreciation, and long term cash flow. 

Historical fact disagrees. 

Not a problem if you buy in the right location.Location:  Students have historically rented in specific areas, which also rent well to summer renters. 

The tax benefits, debt pay down, and historic appreciation will make up for it over time.