Also, I know that up north heating costs are normally paid by the landlord.

They were living in an 80 year old house where they had to crank the heat up to 90 and still had to run space heaters.

For expenses, I use these figures; Taxes $2800, Utilities (water, sewer, and vacancy heat) $770, Insurance $900, Maintenance Fund $2400 (15% of income) Advertising $100, Accounting $100, Supplies $100, Misc $100.

Who pays the water, heat, electric, sewerage, trash, etc -> utilities ?

I really should have put a heated floor in there but talked myself out of it which was a mistake.

I agree with @Jerry W. it seems to be a serious money maker.Monthly Mortgage payment $200.15 (47k @ 5.5 over 30)Taxes $116.67Sewer and Water $100.00 (I only pay a bit more than this on my 4 family)Trash $-Heat/Utilities $-HOA $-General $150.00 (repairs, lawn, snow, etc AFTER your initial 6k in repairs)Insurance $100.00Mgmt Fee $140.00 (10%, you should be able to get this number down a % point or two)Vacancy $84.00Total Expenses $890.81

Heat?

The radiant heating is also very nice.

Some areas have heated up with investors causing deal structure and returns to be compressed but probably still better in pricing and cash flow then what you can find in Cali.I have a lot of clients from Cali.

The joy of renting it in the summer it severely dampened because I pay heat in the winter.