Right now the owner pays the majority of the tenants' utilities (gas & electric/water & sewer).  

Hi All, I recently learned an important lesson: Don't forget to require recently utility statements before closing on a property.

My wife and I are working on purchasing our first duplex where we would utilize an fha loan to owner occupy the smaller of two sides.

-Fenced in yard per unit, roof 5 years old, new water heaters within a few yearsFHA 3.5% down (3% of that coming from sales commission)Rents: Local rents vary from $900-$1200Mortgage: $2050I understand this deal will not produce that much cash flow in the short run (Once I convert more equity in the unit I can drop PMI to increase cash flow) Remember, this is my fist deal with little to no money in which doesn't produce a strong cash flow standpoint.

Hi everyone,I haven't posted here in a while, since my husband died in 2016, but his estate is finally finished; the reno to my big condo is now finished; the condo is rented out and producing income; I've bought and renovated a smaller house to live in!

(Then there is of course the follow-up questions- Other than yard maint/snow, garbage, utilities, etc. anything that's commonly missed that I can put on the Sched E?)  

And like most part timers, they produced next to nothing. 

Now, figure vacancy, repairs, utilities, lawn care, snow care) is there anything left over?

After utilities, we are breaking even or in the minus a bit.

That being said, I'm sure you can also empathize with me that it's not ideal to know you're only producing income when the drill is spinning.