I concurrently hold a full-time, contracted job as a Management Consultant working on a Cybersecurity project for a large utilities client.

The tenant pays utilities.

And also we utilize a property management company.

This place is a community that continues to impress.So when I finally got to looking at my first buy I figured I would try to utilize all of your experiences for my own selfish use.

I won the bid on the house with an escalation clause at $390K - My monthly payment will be 2,295.12 + 250 for utilities.

Numbers :)303k purchase365 sale leaves you with 62k- realtor at 6% of sale = $40,100- closing costs at ~5k = $35,100- renovation at 8k (suspect) = $27,100- taxes @ 500/month for 4 months = $25,100- insurance @$150/month = $24,500- mortgage payment @$1200/month (20% down, 4.25%) = $19,700- utilities @ $250/month = $18,700Skinny deal.  

Who is paying utilities?  

As a buyer, I need to know what I can build thereI also want to know about utilities, are they availible at the property. 

This was the first purchase we made, and as of now, we consider this a success.Purchase Price: $69,000Closing Costs: $3,200Rehab Budget: $55,000Actual Rehab: $94,000Carrying costs (utilities and grass cutting): $500Total Investment: $163,500ARV: $ 205,000Cash-out: $ 147,000 (after finance closing costs)Total Cash Invested: $ 16,500Rent: $1595/moWe found this VA foreclosure on the MLS in March 2014, with a list price of $89,000.

At a minimum you'll need to make sure the tenants are paying ALL the utilities if you want to make any money.REI is a good thing.