Eliminating that expense will increase your value by ~$200k, assuming the 8% Cap Rate is correct.Anyway to bill back water/sewer through RUBS?

Right now were working out sewer and water access and other logistical stuff.

Seller got money first (on the table) or the moment she signed, then the papers were taken to buyer outside. 

Add up 3 months of mortgage payments, taxes, insurance, utilities, property maintenance, $2,000 in repairs, and if you're using a property manager... they're probably charging you something for tenant placement.This really blows the "infinite rate of return" out of the water when you have to keep $5k liquid for reserves at all time.

I live in Florida so I am well versed in the notification to keep the deposit rules for Florida that is  Regardless of her willingness to entertain showings your biggest issue is lack of access to your unit   What if there is a broken pipe and gushing water out and she’s unable to leave work   You need to always have access   If you have a PM or not always have a set of keys   I don’t allow that to happen and immediately rekey   I’ve actually added an addendum in the lease for that very reason   

The only shared utility is the hot water . 

Think about the cost of an A/C system or a hot water tank.

Basement was 1 bed /1 bathCurrent Unit Breakdown: 4 Bed/2 Bath for all units.Changed occupancy to a Legal 4-unitSummary:Purchase Price: $1,550,000Rehab: $385,000ARV 4 Unit: $2,500,000 Equity Created: $500k+Projected Monthly Rent Roll: $17,500/monthProjected Monthly Cashflow: $3,328/monthLessons Learned:During a gut rehab of a multi family, you can sub meter the water to each unit.

Basement was 1 bed /1 bathCurrent Unit Breakdown: 4 Bed/2 Bath for all units.Changed occupancy to a Legal 4-unitSummary:Purchase Price: $1,550,000Rehab: $385,000ARV 4 Unit: $2,500,000 Equity Created: $500k+Projected Monthly Rent Roll: $17,500/monthProjected Monthly Cashflow: $3,328/monthLessons Learned:During a gut rehab of a multi family, you can sub meter the water to each unit.

During a gut rehab of a multi family, you can sub meter the water to each unit.