The house is in good condition but there was a utility disconnect tag on the front door.  

Hi, I've heard a few times from Brian Gibbons about utilizing seller concessions over rent credits.

They will run Lexis Nexus searches on you to see where your car is registered, what address your utilities are on in, where your mail goes, ect.  

If you can only get 149k and have to pay 6% commission, you are down to 22k remaining to pay finance costs, closing, utilities, taxes, insurance and your profit.

If you don't utilize yellow letters, are you mailing 6k letters/month yourself??

All utilities are paid by the tenants. 

Split the land and sell/develop into additional lots - The value here would depend on what it costs to split the land up AND get appropriate utilities to it.  

I don't know that you wouldn't be better off buying quads getting 30 year money on them for a good interest rate.The benefit for larger properties 5 + really starts happening in the mid double digits in units for scale.If the broker is spending time with you then you should commit to that broker.

Does each unit have separate meters for utilities?

The typical calculators don't account for the fact that I need to live somewhere, would be paying holding costs such as utilities anyways, or that I won't be paying taxes on the gain (Yay owner occupant!).