We don’t touch electrical, HVAC and plumbing projects, we don’t build new structures, but we can do quite a lot on our own; including tile work, drywall work, flooring, kitchen, any finish work essentially.

The rental property appreciation is more important to me than cash flow. 

I think Birmingham is a great place to invest for cash flow if you can wait longer on the appreciation.

I know it has utilities on site, I can see everything (water, sewer, electricity).

New Hampshire only licenses certain trades like plumbing and electrical.

Tenants pay electric / gas / water. these percentages were from the numbers i inputted in the software.

As mortgage rates eventually drop, your cash flow should improve over the long term.

The rents are good in this area, and it should cash flow well.

I have multi-family (600+ units) experience with start up for submetering water/sewage/trash via Conservice, electricity was always required to be in tenants name (with revert to owner and bill back in the event of a default in payment). 

This starts with establishing your Why and deciding which side of the cash flow quadrant you want to be one, the left side as a employee or self employed individual still in the rat race, or the right side as an investor and business owner with systemic passive cash flow.