For example I currently don't have to pay for repairs when stuff breaks, I don't pay water/gas/sewer/taxes which will inevitably make owning a bigger monthly cash outlay.

WSG is $100 gas and electric is around $100 as well.

@Jen TeskeI don't know the area so I can't speak about the market you're in, but just by looking at the #s, you're missing a few things: Water, Sewer, Heat, Electric, Gas, Trash, Lawn/Snow removal, Cap Ex, Property Management (even if you're self managing, this needs to be factored in if you want to scale), and although you did include vacancy, if a real vacancy were to occur on a SF you'd have a 100% vacancy, making it negative cashflow since you'd have to cover all the expenses, not knowing when it'll be filled again. 

@Jim AdrianI can get estimates from the modular home manufacturer.I'm looking for some idea what to expect "resurrecting" a subdivision that was never completed: complications with the city, dealing with the utilities - electric, gas, telecom, etc., merging new homes with the existing HOA (if any), ...

Learn a LOT about investing out of state.Research the market you are going into and figure out the best markets.Make connections in those markets and vet those connections.Save up more money and move up from the war zone and go to a $30,000 to $50,000 minimum market where there is less crime, less vacant lots and vacant houses, where the police will actually respond to a call from a homeowner, where there are jobs for your tenants to work at, where there are schools for your tenants to send their children, where there are real grocery stores for them to buy real food (not gas station or fast food).  

You might have to find a small type catch all brokerage that dabbles in residential and small time commercial.These types of firms do residential and a few land sales and occasionally a small gas station or inherited type small building commercial.For the experts that only do one asset class the small deals like this do not make sense as they typically have a lot of (hair) on the deal meaning many issues to work through.

Account Closed  this can all be done BUT its not DONE WITH NO MONEY.. you need money for gas. you need money to pay for your car note ( unless your car Is paid for) you need money for your cell phone. etc etc. who ever came up with the idea that you can make money with NO money I RE is just telling fairy tales. and its also very very market driven.

Gas and electric were handled by the tenants directly.

Building is 1968- will have to find out about lead paintPitched Asphalt Shingle Roof with aluminum gutters, Ill have to double check but think its 5 to 7 years old.Separate meter for electric but owner pays for heat (Oil-- not sure conversion gas is worth it but option is there)Good question about wiring, i would've never thought of that..I would assume I want it to breakers..

The owner had a gas stove and moved the stove without turning off the gas line.