But here goes.....Right now my rents are 8350 per monthInsurance 2600(used to be 1600)Taxes 2800 or soWater 1500 a yearUtililities 1440(hot water only)I spent 2500 for a new roof and all appliances are less than 3 years old.

Upon move out I'll rent out the other side for $550 and move the rent up on the 3 bedroom side when possible. after move our $1200 monthlyIt has a new roof and windows.

Matt, I spoke with a company yesterday that said they do engineering in-house, and part of their package is coordinating with the customer's local building codes for the MEP, roofing, structural foundation, etc. and obtaining a (Colorado) engineering stamp.

Pros: a. more than one unit so vacancy isn't zero if one unit is vacantb. all your problems (roof, yard maintenance, etc) occur in one spotc. possibly more cashflowd. purchasing is the same process as a single unit, so one closing process, one set of closing costs but you get two units or moreCons: a. more upkeep inside (ex: two bathrooms, two kitchens, etc)

House hacking a three vs. a two is how I started (in Worcester), and it has many advantages: better cash flow, less vacancy issues, and still only one roof/foundation/driveway/etc to maintain all while owning an extra unit within it. 

I work full time so I'm looking for something that I can jump into with lower maintenance issues and not having to worry too much about toilet calls in the middle of the night, or leaking roofs.

An inspection saved me a new roof.

Typical expenses of a property are: taxes, utilities, maintenance expenses, capital expenditures (big ticket items like roof, boiler replacement, etc.) and insurance.

I live in DC and the prices are through the roof.

I do mine quarterly, there is a lot that can change in 3 months, batteries in smoke detectors, leaks under sinks, furnace filters, roofs, cellars you name it.