Don't forget the electric, water, sewer, gas bills you will be paying during the rehab process.

There is only one electric and gas for all the tenants.

Why spend hours and gas money driving around to build this "super hot" list and chance you don't make contact? 

You are also obliged to have heating in the unit, but that doesn't mean you need to have the gas bill in your name...?

However, after discussing more with the realtor it was disclosed that the landlord was responsible for water and gas, which very much destroyed the cash flow I thought I had.

Recently purchased a duplex that has separate gas/electric meters for each unit, but only a single water meter serving both units. 

The house has natural gas lines running to the gas furnace, the kitchen and the laundry room. 

Hey everyone,I've found a potential property investing in through craigslist and I had a few questions regarding it.Here are the details:Triplex fully rented: ASKING $479,000 - 3 Bed 2 Full Bath (rents for $1200) - 2 Bed 2 Full Bath (rents for $950) - 2 Bed 2 Full Bath (rents for $950)They say that the tenant pays for cable, electric, gas/propane and the landlord pays for insurance, mortgage, property tax, and trash.

Although, workers told me that he was always checking what they were doing and wasn't happy that the outside camera got covered, even though it was for the time to apply the paint and then it was removed.He reported the fridge was dead and also figured that a smell of sewer gas in the MB is due to a P-trap that was not installed when the sinks were changed.

The numbers look good:Location: Broadway HouseNumber of Units: 1Rent: $1,350.00 Square Feet: 1,666 Upfront Costs:Cost per Unit $95,000.00 Price: $80,000.00 Cost per Square Foot: $57.02 Cap Improvements & Repairs: $15,000.00Cash on Cash Return:19.84%Total: $95,000.00 Debt Coverage: [minimum 1.6] 1.78 20%Down: $19,000.00Capitalization Rate (ROI)9.05%Current Assessed Value: $29,666.00 Loan Amount: $76,000.00 Net Cash Flow per month: $314.08 Interest: 4.88%Net Cash Flow per month per unit: $314.08 Term (yrs): 30Total Rent/Month: $1,350 GROSS SCHEDULED RENTAL INCOME: $16,200.00 Less: Total Annual Debt Service: $(4,826.40)Less: Operating Expenses: $(6,470.63)Less: Vacancy and Credit Losses (7%): $(1,134.00)NET CASH FLOW: 3,769 NET OPERATING INCOME - (NOI): 8,595 INTEREST: 3,680 DEPRECIATION: 3,455 NET INCOME: 1,461 Property Insurance: $1,000.00 Property Management (10%): $1,620.00 Placement Fee(30%): $405.00 Real Estate Taxes (5.06179%) $1,501.63 Repairs and Maintenance (12%) $1,944.00 Services: Snow Removal: 720 Utilities: Electricity: N/A Gas and Oil: N/A Sewer and Water: $30.00/mo Other