I came across a apartment complex in Dallas area and did my learning exercise of cap rate. Property details as mentioned:Price: 795KUnits: 12Occupany ~95%AGI: 172KAGE (expenses):  95KNOI: 77KHOA: 66KMy Calculations:Ta...

Now they give you some stupid credit on Gas..  

:TaxesVacancy RatesWater/Gas/GarbageInsuranceProperty Management - 10%Year BuiltMajor Renovations?

From what I understand, per code the portion of pipe leading to the water heater, for a gas water heater, still needs to be copper, for a certain number of inches, however.

If you don't and the tenants don't pay their gas bill, PGW will put a lien on the house you'll be responsible for.Verify utilities and operating expenses as best you can.

Eviction might not be possible right away if the tenant is on a valid lease and you may or may not be aware of the tenant's lease term prior to bidding.Being that the house is occupied, you likely will not be able to inspect the property prior to bidding so latent defects may not be discovered until it's too late. 

If it is sewer gas, I would first check that all P-traps are filled with water - sometimes poor venting can cause a P-trap to get sucked dry little by little, especially if the fixture is hardly used.

You make a lot of valid points. 

@Dennis Lau@Randy E. makes a valid point in regards to the perspective of the damage.

Maybe someone in the know can chime in on the validity of this?