If you're testing the waters, just buy adequate insurance to protect yourself until you have a proper legal structure.

I recently bought a strip center in City of Gray, GA which is basically vacant with only 1 tenant, but the water and sewer bill was around 600$ (the usage was well within the allowed 2000 gallons for the base charge).

Definitely need to understand that 10% of gross rents go to capital expenditures, 10% goes to maintenance, 10% needs to be included for future PM fees, 8.3% needs to be included for vacancy, and then pull all your numbers on the electric, gas, and water that you would be required to cover.  

For example: they may list a water leak as $1000 repair when it may be a $7 shut offInspections on HUD homes are costlier and it some cases not possible in some cases do to the inability to turn on utilities. 

Ok cool thanks I will send you my contact in a bit

However, that would be like going fishing and never casting your line in the water while expecting the fish to jump in the boat.

If I could I would turn the power, water, cable and internet off to hopefully rid them of the property sooner.

i.e. 10 years for furnace, 8 for water heater etc.Note that these are not actual numbers for these items just examples.

It's not a sewer line, it's a 3/4" water supply.  

So I found this cool site and am going to try and expand my knowledge and friendship base with people with like intrests.