I'm currently paying about 1/12, and it still feels like a major bill. 

I try to keep my properties in good shape to attract better quality tenants, and many times they see that I keep the property in good shape so they do too.For example, my condo tenants are happy with their utility bills because ive our in new furnaces and AC units.

Thanks for the response.... according to credit karma I haveNavy Federal CU $524..in good standardCredit one Bank $687 closed.. reported 2/27/2020First premier Bank $547 closed..reported 11/03/2019Electric and gas bill $179 closedCommission of public works $0 closedDominion energy SC $179 closed zZounds $179 closed Side note: the house in question was gifted to me by my father.

I am worried that when the property closes, before I could get renters to get in, NY/NJ will be in a state wide quarantine and I won't be able to get above the bills depending on how the situation gets in the U.S.

Who is responsible for the “error” is irrelevant if the closing docs allocate ultimate responsibility to the party who should pay the item... which they should.This is like refusing to pay your share of a final water bill.

(I've never had an unpaid bill or lien or lawsuit. 

I underwrite to 15% combined.Management will be 10-12%, unless you have more units and can get a better rate from your PM.Your electric and gas bills look like unreasonable guesses for two units in MN.

Originally posted by @Bill Brandt:All I’ve seen for the past 2 years is the 100’s of newbies who said they are waiting for the “crash” to get in.

The extra money would be used to pay off a HELOC we recently got and would allow for some extra room but it's not necessary (we have no other bills, no car payments, credit cards etc.)

===============A very, very, wealth self-made man once told me "Don't chase pennies, chase $1,000 bills".It all depends on where you want to focus your efforts and time.Good Luck!