Also, I was in a similar process and walked away because of property lines and the headache involved BUT I contacted a pre-fab and they were like $90/sqft including everything except utility hookups.

- it's always good to see another Hoosier utilizing this great site!

Numbers are below.Monthly Rent Unit 1: $675 (hasn’t been raised in 15 years)Monthly Rent Unit 2: $995Monthly Rent Unit 3: $1,035Monthly Rent Unit 4 (my unit in which I rent out the bedroom): $650Total Monthly Rent = $3,355Monthly PITI = $2,862Monthly Utilities = $208So that leaves about $285 per month for repairs and other operating expenses.

.- it's always good to see another Hoosier utilizing this great site!

Should i invest to make each unit its own utility?

Maybe you can utilize that in some way?

Interestingly, a Virginia based aluminum siding contractor was so charged in the same manner and successfully defended their prices by utilizing several defenses:One, they were working in lower income areas where theft was common and they built the cost of shrinkage into every job they did in those areas.

I have income from my Army pension coming in and I know that it will sustain me while I pursue REI full-time.  

Maybe I won't be able to find a deal, but I hope to at least find something that is sustainable and building equity better than just 'wasting' rent.

Most investors would probably calculate 8-10%, so maybe another $690 per month.Next, I don't see any expenses related to sewer and water, or other utilities.