$1900 lost rent+$900 broker fee+ $200 utilities = $3000=$1500 a year)-$150  Misc:   Ancillary stuff.

Even if you don't 'need' to leverage, each deal should be evaluated case by case.I will still utilize debt when cash doesn't help get a discount or help acquire a new property that doesn't check all the lending boxes.

In case you are wondering, and I'd be surprised if you are, I was a Project Manager for large design and construction projects in the commercial world and the utility industry. 

I just sold one of my condo properties utilizing this exemption, and it's an awesome tool to building wealth.

Demo can be a lot of permitting (clean air asbestos recycling utility mains capped, sewer septic ground issues.  

PITI, Capex, Repairs, Vacancy, Property Management, Snow/Mowing lawn, Do I cover utilities?

My buddy pays me $300/month and takes care of the utilities and WIFI.

A lot of people get started this way2) If you already own a primary residence (IE - you already have a home), you can utilize a 'second home' mortgage.

If you are worried about utilities, call and see what bills you'd be responsible for (guessing water and garbage). 

I already utilize a pretty good texting service, so I'm not looking to pay for extra features.