Certainly, arranging for tenants to pay utilities would be a big plus (but the rents might need lowering a bit at the same time)?

One suggestion is to utilize the Network: Events & Happenings tab at the top of the screen.

There is still a senior lien that is not being paid and will eventually foreclose but given that you now have title you can take possession, turn on utilities, and rent the property out.

Multi-family is trickier and more involved than SFH units anyway, and then you have the added stress of it being very far away and not connected to public utilities.

Be smart and you shouldn't have anything to worry about.Furthermore, the city is currently undergoing massive redevelopment; a new sports arena, an international bridge crossing comes soon, streetcar line downtown, and billions on top of billions put into redevelopment of vacant/derelict structures.

Originally posted by @Nat Chan:You want to utilize MLS based comps for property evaluation purposes.

Utilize them all.

And you are also dealing with a parent...who often is outraged at their child's high utility bill.  

To play devil's advocate a bit, the disadvantages may be (1) keeping the integrated team busy, having enough in the pipeline to fully utilize your staff and run efficiently all the time, and (2) when the market goes south, and it will, if you employ a lot of people, it's really hard to downsize quickly enough to stay efficient.  

Lets say i bought a condo under an LLC for short-term rental purposes. and on avg it was making 1k profit pre month after all the expenses (mortgage,taxes/insurance internet utilities). what % would i be looking to set aside for taxes?