This  way I will be the land lord and electricity provider for my tenants.

Gas is serviced by DTE or Consumers Energy (southeast Michigan utilities).

Asking $389,0008 unit Annual Rent Income = $54,840Annual Expenses - Gas/Electric = $5020- Insurance = $3500- Property Tax = $6396- Water/Sewer = $3535- Trash/ Lawn / Snow = $24008 year old roof, new water heater, old hot water boilerTenants pay their own electric Coin operated washer/dryerI will be purchasing with 20% downI have my own numbers and have included 5% each for vacancy/ capex in mine.

Is the property and all its components (water, sewer, electric, etc) on one lot, or is it built on both lots?

forget investing for the moment your whofully undercapitalized.. and you could end up losing whatever you have.if you want in real estate and your working part time now.. get a RE license cost maybe a grand.. so spend that on education.. get in with a top flight broker on their team.. earn while you learn.. then start saving money.. hang with the club that does deals  IE real estate agents.. you will find off market deals before anyone else and you don't have to send or spend money on marketing to get them its all in the club.short of that take your degrees and energy and move to a better work environment.

In the past 8 years its had a new roof, two new furnaces​, two new ac units, updated electrical and plumbing​. the insides have nice laminate​ flooring​.

My idea if cap rate is lower and recently filled up is all new mechanicals, roofing, windows, plumbing, electrical, no alligator cracking in the parking lot, newer siding,etc. 

It's amazing how much hand holding is needed also, like they don't see obvious things that need to be done like electrical etc.  

Hi,We recently bought a multi family property in Austin and are looking for recommendations for vendors: general contractor/plumbing/electricity/landscaping and flooring.Also EV charging resources.Thank you!

You will likely have a shared water meter and other potentially shared utilities (gas & electric).