The one thing I don't want to do is re wire the buildings electrical. 

Make sure he has access to common area where electric panel is so if he has issue he can reset breaker.. or any other utility shut offs.. hitting a water pipe or blowing a breaker isn't planned but a quick reset or shut off is easy if you can get to the area. 

I was thinking if I could convert to a sub-meter system, and have the tenant pay the utilities(Water, Gas, Electric), it could give me the desired cash flow number I am searching for.I'm not familiar very much with converting to a sub-metering system.

For people that want to be more hands on, have the time and energy to deal hunt, rehab, or self-manage, this might not be a worthwhile tradeoff.

Non MLS-Looking for a quick close.All brick construction, 38' lot, 3 car new garage, new deck, full basement, wine cellar, new windows, new doors, fresh tuckpointing, plumbing, electrical, cameras, low voltage controls and speakers.

Since we live in the North most of the windows and doors have been changed to energy efficient ones.

Hey all- I am looking at buying a small apartment complex with a partner, however the hanging point for both of us is that the landlord currently pays electric, water and gas for 75% of the units and water and gas for the other 25%. 

If this guy is in a separate unit,, I'd first get bids for electric service to have separate meters one for each unit..and stop paying all the utilities.. 

Site plan, energy plan, floor plan, structural plan, and so forth.

And....I wouldn't waste time or energy chasing the appropriated rent either.Btw...