I have a job with the electric company (a fortune 500 corp) that gives me the flexibility to do what I love, wrestling. 

Tenants pay electric & gas, owner pays water.Monthly Rents: $625 - $725; $16,391 rent (GSI: $196,692)Laundry Income: $1,106 / Vacancy: 5% ($9,835)Total Net Income $187,963ExpensesProperty Taxes: $16,423Insurance:$5,266Water: $15,618Maintenance & Repairs: $12,000Management Fee: $9,398(5% of rent)On-Site Payroll: $10,000Gas (Laundry) : $658Reserves & Replacement: $6,000Trash: $2,871Electric (Laundry & Common Area)Contract Services: $6,000Total Expenses: $85,720 (46%)NOI: $102,243Downpayment: 25%Years: 30Rate: 4.0%Cap Rate: 7.57%I am roughly estimating $40,000 in improvements though I will get a contractor to provide me with his/her estimate.

Use a highly recommended inspector who will be very thorough with all the major systems (HVAC, electrical, etc). 

I did calculate water and electric but didn't think about things like sewage and

If you do put solar panels on the roof would you include electric in the cost of rent or still have them pay the electric bill separately?

My taxes come second and electric third, then heating oil. ( I Didn't count groceries simply b/c we never do when looking at investment numbers :) )So from a SFR standpoint my community is horrible for SFR investment.

Duct work and electrical may need to be rerouted, but fairly easy to do with the open basement.

@David Faulkner  I am now an official lyft driver.. not sure I can figure out how to use the app though.. but will try it one Sat morning for fun.. it was a funny processyou show up and they have to inspect the car.. guy says turn on the engine.. ( I said I don't have an engine  he looks at me  funny)  I said DUDE this is an electric car it just goes.. kind of stunned then he had to make sure the seat belts worked.. and boom the Tesla was approved.then of course you have to upload your stuff on your EYE phone with pictures and that was cool never did that before so if nothing else I leaned how to do that.but then and its a big but.. they hit you with a test at the end.. and its the rules of a cabbie basically so I flunked that.. they were shocked.. but I got to take it when I got home and only missed one the second time around.. so now I know when I pick someone up I am to turn the music down and greet them with a warm hello.. also I should not smoke in my car or allow others to. some other pearls.what I found interesting was the lady next to me was saying the reason she is doing it.is she works right by the airport.. so on her way to work she can pick someone up.. and when going home she is hoping she can take someone from airport towards her home.. thereby making money on her normal commute.. a few of the others said same thing they just want to pick folks up on the commute.  

He is not licensed or bonded, and will not be doing our major electrical or plumbing.

Also this is an older home that has some electrical conduit in one or two rooms.