Katrina - A couple of points to considerUtilities - you don't mention if the tenants pay all or there are any landlord paid utilities.

2) How to do about getting public utilities?

Find out Lot Rents, Utilities, and other charges, find a moving company and figure out how expensive it is.  

Set to be completed in the Summer of 2017.The Following Info is according to the information from the Developer:Purchase InfoInitial Market Price: $700,000Purchase Price: $649,900Initial Cash Invested: $187,475Income AnalysisNet Operating Income Annually: $52,484Cash Flow Annually: 22,847Financial MetricsCap Rate (Purchase Price): 8.1%Cash on Cash Return (year 1): 12.2%Internal Rate of Return (year 10): 19.6%Sale Price (Year 10): $896,059Rental Income is forecast to be $1,400 per unitUnits are 3bed, 2 bath and a garageUnits are 1,600 SqftI feel that the seller is optimistic on some of the numbers so in my calculations I have increased expenses (CapEx budget, management Fee at 8%, Insurance, Utilities) and I have also increased the vacancy rate from 3 to 5.2%. 

After the presentation I immediately upgraded my mentality and account from a "normal Joe" to  PRO to enhance my experience and utilize all that BP has to offer. 

I also question the expenses on vacancy and utilities rates.   

Greetings all,I recently (within the last hour) spoke with a property management company looking to obtain typical utilities rates in the Malden and Winthrop, Massachusetts area and the response I received to my request took me for a loop.  

Utilities are paid by tenants (gas & electric)  This building is in a C/D neighborhood.  

I could rent it out to another tenant, but this tenant right now doesn't mind living there and paying for all the utility costs, which is fine by us. 

Make sure that  all utilities are turned the day you close the property (provided electrical and plumbing are inspected and in good and safe order).