-JackI guess I was under the mistaken impression that you were trying to look at this with an open mind, but I think you likely came into it with a pre-conceived notion that you were looking for validation on. 

Truth be told, I almost had my first eviction while I was home but like a cat with 9 lives (my tenant is the cat in this case as she has gotten close to being evicted in the past due to nonpayment) my tenant and I went to the local gas station and she took the money out of the ATM to pay me. 

Do the apartment bathrooms smell like sewer gas when nobody's been using them for a while?

They will pay an extra $100 if you pay gas and electric.

If someone has a legitimate concern, explore if it has any validity-- like you're doing here.Expect the naysayers.

Particularly if they're side-by-side, look the same, look to have been constructed at the same time by the same company, share amenities and parking lot and gas meter, and maybe if the seller has put contingencies in place stating they must all sell together.It is not uncommon for an "apartment complex" to be a series of buildings, sharing a parking lot, amenities, etc., even the electric bill sometimes, and nobody would ever dream of parceling it out and selling one building at a time to different buyers.

Details below:2018 OpEx:Insurance: $4620Property Tax: $3360Water Gas & Trash: $4500Electric: $600Cable: $1500Lawn Service: $900Total: 15480I added a 2% growth rate on the operating expenses and a 6% management fee on top of that for my as-is analysis.

@Chris Allen, if you want to be thorough, make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance  a) Property Hazard Insurance (0.3-0.45%)  b) Flood Insurance  c) Earthquake Insurance  d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)  a) Water § Sewer § Garbage  b) Electricity  c) Natural Gas  d) Propane9) General Maintenance (usually 5%)  a) Upkeep § Landscaping  b) Snow removal  c) Repairs  d) New Appliances  e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

I think you guys bring up some really valid points!

We just purchased our first rental property and purchased a new refrigerator with an ice/water dispenser because I mistook an old gas line on the opposite side of the refrigerator as a water line.