Also, get a signed and notarized statement from each tenant detailing their current status, whether a lease exists, when it expires, who pays what utilities, their move in date, the deposit amount they gave the landlord and the current rent they pay and any and all discounts they currently receive.

The utility employee failed to close the basement door (after shutting my entire building HVAC down and my first floor pipes froze and busted).

There's no HOA and currently, the tenants are paying for their own utilities (Water, Sewer, Trash, Electric), which may be why the rents are on the low side for the area.

Learn to utilize BP for all it has to offer.

What about getting utilities metered for this unit?

The best part is, my cost will only be $950/mo, utilities included.Does it sound too good to be true?

Also, are there certain negotiation tactics that could be utilized when coming up with a purchase price?

Anything that is your living cost is not a rental expense so 50 % of shared utilities etc.

ALSO - maybe the landlord pays all utilities, which puts the rents artificially higher than market (are the rents at typical market?)

Its a 4 unit in a nice area, listed at $225,000, doesn't need any work and is fully rented at $3,200/mo.Details:Taxes: $4,250Insurance: $2,400Maintenance: $300/moVacancy: $330/moLL utilities: $75/moMonthly expenses: $1,260Financing 100% through personal loan & mortgage: $1,350Monthly NOI including financing is $590Thoughts on this deal?