The cause of the damage was very strange water problems that affected 3 floors of a condo.

Also from my experience in SLC you the home owner are still responsible for the water and sewage (this may need to be included on your rents) I'm not sure what the rules are up there in cache county but keep that in mind as well.Currently being a landlord there are many things to keep in mind when investing in multifamily please feel free to reach out to me if you have additional questions or concerns.

I'm sure whomever is living there is going to want running water and electricity.

In this situation for said duplex, the rents are 750 one side and 700 for the other yet the expenses range from 300 up to 500 in the winter months!

Lots of hidden water leak evidence.

I put cap ex at 1000 per door a year ball parking it so 160 a month I am not including the studio in these evaluations because I will live theremaitnance as 85 a monthvacancy of 160 a monthSo over all looks like this so far.40k downprice 158500rents 1700 monthtax and insurance 560monthcap ex 170 monthmaitnance 85 monthvacancy 160 monthall together 975 a monthsubtract that from both units rentAnd there is 725 left over enough to cover the principle and interest and leave like 100 bucks left over for my utility's and such.current owner says the coin laundry downstairs covers the water and tenants take care of there electric and suchNow just 100 left over isn't much only 1200 a year not a very good return on 40k but when I move out and instal a fire escape in the studio as I live there I can rent that for another 550. after I adjusted the numbers for the studio this deal looks really good because I am able to keep pretty much everything the studio would produce.I'd get like 6k a year and get a 25 percent cash on cash which sounds as delicious as it can get.It is in a working c class class area. on the worse side of it. that's were most of the duplexes in the area are to be honest.

(ii) The cost of water, gas, electricity and telephone to service the Common Areas and any utilities not separately metered.

I bought a flip a while back and was able to talk to the town inspector to give the CO despite some issues (water damage, cracked windows, etc) because he knew I was going to fix them all when I took possession.

Water on the property is not individually metered.

The only issue with a flat roof would be pooling water if not done correctly or the potential of cave in if you're in a snowy climate.