So most of the time developers who pull this move, replace with a new unit NOT used.Utilities on bare dirt will cost more time/money than I think most realize.

Hi Amanuel,This depends on your strategy but if you are looking to purchase and rehab to add-value before either (i) flipping or (ii) refinancing, you can likely find a product for 15-20% down, perhaps 10% if you're creating enough value.

If you are looking to rehab, it is more efficient and cost-effective to rehab all units at the same time. 

I would add the outlet at my own cost.

Rehabbed most of the stuff myself except for supply lines in the plumbing.

What is the cost to connect to the public?

It's also because people don't understand how costs and market changes affect their p/l. 

The reason I'm investing in Toledo is because I know the area, have some friends and family there to help if needed and the cost of entry is minimal. 

I'm not a huge fan because of the costs and risks of the program, but I've used it for customers in certain situations where it made sense.

It is the constant, recurring cost.