A property I am interested in buying currently has the landlord pay for water, gas, and sewage, while the tenets pay for electricity. 

Unrelated, they also used soap in our hot tub requiring extensive cleaning.

And don't forget about the inevitable 'glitches' like water main or HVAC replacement you weren't planning on.

Plan to spend $350k over the next 2 years adding a new office, adding amenities and adding water meters to each unit.

Totally Off grid with micro hydro,48v dc to Pure sine wave inverter(5500 watts) New Trojan Batteries (Renewable energy) Have two springs one is for drinking water and other is for water turbine.(90 gallons per minute and 175 foot of head/drop in elevation) still a project in progress as we have plans to convert into a functional micro farm with greenhouses etc producing all natural Non GMO vegetables that are ORGANIC.

Totally Off grid with micro hydro,48v dc to Pure sine wave inverter(5500 watts) New Trojan Batteries (Renewable energy) Have two springs one for drinking water and other is for water turbine.(90 gallons per minute and 175 foot of head/drop in elevation) still in progress as we have plans to convert into a functional micro farm with greenhouses all natural Non GMO vegetables that are ORGANIC.Breaking ground on year round heated greenhouse this summer.2019 What made you interested in investing in this type of deal?

This I do not know, I know that electric comes into the building separately, gas comes in as 4 services, water is 1.

It seems like it has the potential to be a decent house hack where I can live in one side and rent out the other side, but I am analyzing it as if I were renting out both units.Here's the overview:Seller accepted my offer of $90,000 (they were originally asking $95,000)Similar sized duplexes rent for around $1,500 total ($750 per unit)The total gross rent would be about 1.6% of the purchase price.I can get a conventional 30 year loan @ 4.5% interest, with a 5% down payment.Mortgage payments with PMI would be around $469 according to mortgagecalculator.org (not including taxes or insurance)Using the 50% rule of thumb to estimate expenses, I might be able to cash flow around $140 per unit.Here's what I found out when I went inside:There are 2 new forced air furnaces.Updated pex and PVC piping.Updated electrical wiring with separate panels.2 old corroded hot water tanks.

under water mortgage needing to do a short sale approved by the lenders with help from seller and a negotiator.

You might be able to guess it is a hot button for me.