So... you can certainly be 'RIGHT' and still be a horrible investor making nonsensical arbitraty decisions or you can just be an investor and look at if from that standpoint - sure, you can decide to nickel and dime for additional Tenants and you would be even more justified if you are paying Tenant utilities (if this is the case).

Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference  between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.

However, this option is considerably more expensive, typically costing 5 to 15 times more than the alternative.

Or do a DSCR loan typically up to 80% LTV but higher rates than a Fannie Mae loan. 

BRRRR is typically easier to employ at lower price points or if you're able to get an insanely good discount on purchasing a property.

That's what we've focused on in the past two years.The only expense I have is utilities and one vehicle payment. 

Bonus depreciation/Cost Seg studies are typically most beneficial for owners of STRs and Real Estate Professionals, outside of those ownerships you do get some benefits but it is often not worth the value in the Study and take a long time to realize. 

We BRRRR our properties to add as much value as possible, pull out all of our cash and then some utilizing DSCR loans after 3 months seasoning, and reinvest immediately thereafter in other properties.At first we were using all of our own cash until we found a Rockstar Broker for Private Lending who didn't bend us over the barrel.

are you doing cash right now or traditional hard money at typical 70-75 / 90 LTV/LTC?

Most markets have consultants who focus on utilities, i.e.