Electric was included in the HOA, so just have to pay water and gas as utilities which can be passed down to the tenant to pay.

In general know where your plumbing, electrical and gas line are and then place your majors first and work around.

One person I dealt with busted out one of my car windows and dumped gas all over my car next to the police department.

A big part of it seems to be the UBER high utility costs in Spokane: water, sewer, garbage (and sometimes gas), which we've learned that most landlord bear as a cost of doing business.

Monthly bills YTD average out to 286 for water, 365 for gas, and 140 for electric.

Due diligence costs are sort of like buying gas to get to work, just an ongoing nonreimbursed expense.

The building inspector came and recently shut the building down for health/safety reasons by turning off all the gas to each unit.

@Don Van Nguyen I know that I am in the minority but with most oil and gas downturns, Houston will see a considerable contraction.

Since you are a pro, use the calculators provided under tools to help but here is my quick rundown on a post-it:Buy = $80kRehab = $30kHML Points = $3kHML Interest = $3k (assuming 90 days held total)Holding Costs = $1,500 (assuming 90 days electric, gas, water/trash/sewer, builders risk ins, prop tax)*Selling Costs = $10k (6% relator fees, 1.5% closing costs)Sale Price = $135kProfit = $7,500*I am taking a very high level guess on your holding costsFor me this is WAY too thin of a margin.

There is also a place where a kitchen can be installed (my mother used to have one there, but removed the stove and had the gas cut off), and there is also a place for a full sized washer and gas dryer in the basement.