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?

Thank you @George Paiva for your thorough insight.I wanted to get the maximum cash-flow by utilizing a 30 year term.

Listen to the podcasts that are available, explore the learn materials and net work and you should be on your way.

However that would be after PITI + Property Management (even if self managed), maintenance reserve (based on property condition, age, location, etc), and other costs such as utilities, landscaping, or applicable association fees.

That business then has to pay employees, rent, utilities, insurance, etc...If it costs you $500 a month for mortgage, insurance, property taxes, and repairs, and you can rent out such a place for $1000 a month, then you're doing a lot better than that business.

I am not sure if it would provide much utility considering the amount of money to get a few lines is ridiculous.Also, any other ideas or recommendations would be greatly appreciated.

Are utilities (gas, electric, oil etc.) separate and do all tenants pay their own?

For the record, I have NOT lost any complaint for the same, which means, yes a transfer occurred and that was my material compliant.

Also, the escrowed amount for repairs is nice, but on a cash deal, that goes away, so remember to negotiate a lower offer in a cash deal when repair escrows are offered.Even then, when your bid is accepted in an O/O deal, you (the buyer, more specifically) is responsible for all costs to dewinterize/rewinterize, and turn on utilities for inspections.