Lease says tenant pays 1/3 of the utility bill.

Nick,It always good to ask for 2 years tax returns as well as copies of last couple months utility bills.

Other unit is where I see the value add for possible BRRR.Both units currently rented for $1,350 per month ($2,700 total revenue per month)For evaluation sake, I calculated that I had to pay full asking price, $3,000 annual taxes, and $2,000 annual insurance.Self manage the property, 8% vacancy, $100/month maintenance expenses, $100/month Cap ex, and $100 utilities.$64k down, and another $15k rehab to bring the 2nd unit in line with the 1st.I come up with cash on cash return of around 9.3%.

I recently finished "Set for Life" and in it the author suggests keeping your investment savings (not your emergency savings) in the stock market so you can ride the general upward slope of the economy before you utilize it.

You gave me some great info to utilize in these conversations!

Every investment bear market has a "common mans" indicator!

In May 2017 the boiler had a backdraft and the carbon monoxide detector when off in the utility room when off so they evacuated the home and called the fire department.

Other holding costs include insurance, utilities, and lawn care.  

I would have them post a performance and payment bond for the build (so you have recourse if it goes belly-up) and have them name as you additional insured on their insurance policy.Don’t forget to check the utility infrastructure to the site.

An integrated approach may work if you're a large wholesaler and have built lots of systems to run everything in parallel but as a beginner it's a common mistake to try to do too may things at once rather than getting good at one thing that gets you solid leads.