If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

@Chris Seveney he acknowledges the low/no cash flow, but he's after a low-entry acquisition with debt paydown and equity-building.

It is important to obtain insurance that will adequately safeguard your property and renters in addition to fulfilling the criteria of your lender.

I am finding properties that are not in that much tax debt that are completely paid off (this matters in NM because other liens like a mortgage are not erased with a tax deed auction like many other states).

- Aside from the following: Condo fee, tax, home owners insurance, hurricane insurance (is this in addition to home owners insurance)?

After all expenses, including CapEx it generates around $950/mo in cash flow, not including debt paydown.

Additionally, rental costs across the state show significant variation, highlighting the diverse living costs within Ohio.

Unfortunately, even though my DTI and credit score was good, the underwriting was not so good because I had gone through a debt consolidation program not too long ago which, as some may know, requires you to stop payment on debt for a period of time.

You want to always consider debt pay down and appreciation when you are investing.  

My broker has told me that I do not have to represent myself and that I can act solely as the principal, but will still disclose the fact in additional comments.