So about a month ago we had a pipe burst in one of our unit, water ran from upstairs bathroom down to kitchen and into basement. water remediation company had fans and dehumidifiers in that tenants place for about a week running continuously. their utilities bill webt from being approx $50 normally to about $108 dollars so around double. theres 3 roommates in that unit and each one got a $100 disount for that months rent to compensate for any contractors coming in and out and not having hot water for about 5 days. my question is should i pay for the additional electricity used caused most likely by the dehumidifiers and fans?

Do the tenants pay utilities?

The building is a complete gut renovation and with nearly 5,000 SF of building requiring utility upgrades as well as running all new MEP's throughout the 6 units I am already pushing the $500K point.Wanted to reach out and see if anyone has any knowledge on whether this deal is worth pursuing - at this point it seems that she is looking for someone to assume all risk and give her a brand new building with zero effort involved. 

A lot of individuals take for granted the experience needed to oversee a $25,000 project renovation, dealing with local code, local utility and other idiosyncrasies of a particular market.  

I am rounding my mortgage costs up for easy calculation and my owner expenses (percentages) are pretty conservative Purchase Price: $215,000Gross Rents: $2,400 ($1,200 per unit)_________________________________________________________________________________-Mortgage Costs-Principle: $1000Interest: 3.5% ( I may do a rate & term refi for a 3.2% interest rate)Taxes: $210Insurance: $140 (Lowest quote thus far)Appox.Total: $1350/month_________________________________________________________________________________-Owner Expenses-Utilities: $0/Minimal (water and electric separate)Prop.

I have been presented with the following real estate possibility and I am open to suggestions, opinions and/or advise.Home #1- SFH is Brick 3bd/ 1 bth- 1100 sqft-2 Car Garage/ No need for Rehab-Currently Rented at $735 a month with long term tenants paying all utilities-Estimated Market Value $50KAnnual Taxes $500.00Home #2-SFH is Frame 3bd/1 bth- 1000 sqft-No Garage/ No need for Rehab-Currently Rented at $600 a month with long term tenants paying all utilities-Estimated Market Value $30KAnnual Taxes $778.00 Both homes are being offered as a package deal for 45K Cash.

The rental units would cover our mortgage payments and some of the utilities so we would be living for "free" right off the bat, unless of course capital expenditure disaster happens, then we would be paying.

Pay only $400 for rent and we share the utilities and cable. 

Cheap shortcuts are not sustainable, nor will they do much to help your credibility which is absolutely critical in this business.The first thing you should do, if you haven't done so already is to build a Twitter account, Facebook and LinkedIn page.  

Utility bills.