. $130/monthCapex $270/monthVacancy $130/monthGas $85/monthWater/Trash $160/monthFinancing: 20% down at 4.65% for 30 years PI $700/month24% COC Electricity is tenant paid and the plan is reduce rents to 610 and pass the other utilities on to the tenants as well.

A) A tradesmen with expert knowledge in different aspects of trade work (plumbing, electrical HVAC)B) Accountant Please explain.

I got the electric, no problem.

.), split unit electricity and water in the landlord's name.

I put in new electric furnace and heat pump and free standing stove and refrigerator.

Do not start up an electric water heater until it is filled or you will burn up the elements.

The lender was back to us in four hours (before their submission deadline), which tells me we were too high and could have gone in 4K less and still got the property.After walking the property this morning, it needs a lot of work but less than I was anticipating:1) Electrical: Entrance to both units needs to be separated and the "half story" in the upper unit still has active knob-and-tube.  

All new Electrical-Plumbing-HVAC then it will need insulation then drywall, trim, paint, floors, etc etc you get the point.

Would you permit the tenant to squat in the property over the entire summer with no electric.

Georgia Power has informed us that we need to "fix the neutral electrical supply" to restore power to the units.