@Frank LorenzoElectric heating is expensive to operate; is natural gas available?

Tenants dog dragged a couch cushion over a gas floor furnace and caused a small fire.

Tenants dog dragged a couch cushion over a gas floor furnace and caused a small fire.

That is a real issue and a CO monitor is generally required anywhere you have combustion (gas-fired water heaters, furnaces, garages, etc.).

Take a deposit when offering rent back to the sellermeet tenants right awaymaybe look at the property prior to purchasingCheck the status of water, gas and electricity during contingency period Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Landlord can even enter with no notice if there is an emergency, like gas/water leak.

Acquisition Costs: $32.5k (down payment) + $9k (closing costs were reduced $2.2k due to negotiation) + $49k rehab => $90,500Rent Roll:Basement Unit: $725 (renting to a lifelong friend, so I reduced; includes electric, water, and gas) [840 sq ft, 1 bedroom]Unit 1: $2400 (includes electric, water, and gas) [1,005 sq ft, 3 bedroom]Unit 2: $1750 + utilities [805 sq ft, 2.5 bedrooms]Total Gross Rent = $4875Monthly Expenses:PITI: $3592 (includes PMI)Water: ~$110/moGas/Heat/Electric: TBD, I've only had it rented since mid-October and basement didn't get occupied until Dec 1.

@Tchaka Owen water/trash/sewer (approx 100-110/mo) .. utilities must be in the owner's name, with a distinction of the fact that the property is a rental, so utilities (electric, gas) are paid directly by tenant or they're shut off .. water trash and sewer must be in owner's name and per rental agreement tenant is responsible for as owner pays and tenant is to reimburse via PM

Do you use electric heat or gas heat? 

The town is planning to install natural gas on the street early next year.Is getting natural gas a good idea?