Should I go electric or gas?

I've been a Realtor for less than 3 months and I'm $2400 in the negative, that does NOT include all the gas I've used getting to offices and Open Houses that are an hour away. 

Fill my truck/car's gas tankb.

They look at the school population, electric and gas requirements, traffic, water and sewer, and see how many people the area can accommodate.

Tenants pay for everything except gas, since there is only one furnace.

Also, opportunity to shift some utilities to tenants (trash, water, gas).Would you pull the trigger?

Property Details: 2- 4 units buildings ( one parcel) All brickConcrete parking lot ( ample space for parking) New roof on 409 Sykes( replaced in 2017 from Tornado) Roof replaced in 2010 on 407 SykesNewer vinyl replacement windowsAll units are 2/1 – 800 sq ft Central AC with Apollo gas water heatersWasher/ dryer hook ups in all units5 of the 6 occupied units had newer AC systems ( last 7 years) Owner pays waterTenants pay electric/ Gas ( 2 of the current units the owner was paying for Gas/Electric) Low incidents of crime from last year analysis performed by Guilford County PoliceNear bus stopsClose to Grocery/ Convenience stores and local employment 6 of the 8 were occupiedTenants had Canisters for Trash ( roll ups they had to take up long hill) 2 units were vacant and down to the studs from fire 18 years ago DEAL DETAILS: Listed with the broker that was representing us from our last deal with him one month before Seller wanted $300Agreed to $225K 6 of the 8 units were occupiedSelf managed $3570 Gross Rents ( less water which owner paid, and utilities for some of the units) Disinterested landlord who did as little as he could for his current tenants, and didn’t have any desire to get rents to market rate as he owned outright ( he was a slumlord) Rents were under market between $50-$75/ doorLong term tenants that wanted to stay but wanted to have a nicer place to live and better customer serviceBuildings were in great shape being all brick , but the area needed some TLCLonger term tenants that were month to month Opportunity to essentially build 2 brand new units and have this be a true 8 unit Strategy:Buy Right, Manage Right and Finance Right # WheelbarrowProfitsWhen we took over end of February 2019 the gross rents were around $3570/month ( less water $270/ month, gas/electric of 1 unit @ $200/ month which equated to $3100/ month and our projections are $5,110 Gross Rents with all 8 leased ( less water for all 8 units $240, no payment of any utilities ) equals $4870/ month Gross rents.We had property management in place from our other 12 units and worked with them to start managing these 8 units for us as well and help us start repostitioning this property.

Property Details: 2- 4 units buildings ( one parcel) All brickConcrete parking lot ( ample space for parking) New roof on 409 Sykes( replaced in 2017 from Tornado) Roof replaced in 2010 on 407 SykesNewer vinyl replacement windowsAll units are 2/1 – 800 sq ft Central AC with Apollo gas water heatersWasher/ dryer hook ups in all units5 of the 6 occupied units had newer AC systems ( last 7 years) Owner pays waterTenants pay electric/ Gas ( 2 of the current units the owner was paying for Gas/Electric) Low incidents of crime from last year analysis performed by Guilford County PoliceNear bus stopsClose to Grocery/ Convenience stores and local employment 6 of the 8 were occupiedTenants had Canisters for Trash ( roll ups they had to take up long hill) 2 units were vacant and down to the studs from fire 18 years ago DEAL DETAILS: Listed with the broker that was representing us from our last deal with him one month before Seller wanted $300Agreed to $225K 6 of the 8 units were occupiedSelf managed $3570 Gross Rents ( less water which owner paid, and utilities for some of the units) Disinterested landlord who did as little as he could for his current tenants, and didn’t have any desire to get rents to market rate as he owned outright ( he was a slumlord) Rents were under market between $50-$75/ doorLong term tenants that wanted to stay but wanted to have a nicer place to live and better customer serviceBuildings were in great shape being all brick , but the area needed some TLCLonger term tenants that were month to month Opportunity to essentially build 2 brand new units and have this be a true 8 unit Strategy:Buy Right, Manage Right and Finance Right # WheelbarrowProfitsWhen we took over end of February 2019 the gross rents were around $3570/month ( less water $270/ month, gas/electric of 1 unit @ $200/ month which equated to $3100/ month and our projections are $5,110 Gross Rents with all 8 leased ( less water for all 8 units $240, no payment of any utilities ) equals $4870/ month Gross rents.We had property management in place from our other 12 units and worked with them to start managing these 8 units for us as well and help us start repostitioning this property.

I am burning through gas like a sift. 

Start with the potential gross income and work backwards from there.Check with the city or county planning and zoning department to get an idea of what you can build and what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.