The water will likely have to be common, as its likely not worth separating, but something to consider would be adding another water heater (while not required, i doubt many tenants would want to have their neighbors use up all of the hot water for the house.Then you have to consider adding the kitchen and many bathrooms.  

My clause does state that utilities "are not included in the rental sum...and are the responsibility of all the tenants in the household".

Looking to invest to add to household income and for future retirement goals.

Monthly rent after reno would be $2200 tenant pays everything, including heat, hot water, water/septic.

I have started in the San Francisco area where houses are hot and there selling like crazy.

Legally you can't go above the limits set and that leaves very few options especially in a hot market.  

I've seen and heard of tenants never establishing a gas account and trying to get by with space heaters and hotplates, even when the stove and hot water heater are both gas (as well as the furnace). 

We live in Seattle, Washington, where the market is really hot right now.

In any old home the boiler/furnace, hot water tanks and washer/dryers should be on blocks as they all tend to get at least some water.

DETROIT IS HOT!!