A lot of houses in San Antonio are old houses that were split into several "units".I have some houses that are common water, common gas, but never common electricity.   

The roofs are in OK shape as are the electrical panels, but getting insurance on older apartment buildings is a nightmare. 

The tenants have separate utilities (meters, heating units) and pay for the heat and electric to their units.The price is $382,000Expenses:Insurance:  $1,000Water/sewer:  $1275Electric:  $658Trash removal:  $900Landscaping/snow removal:  $1450 (My husband and son-in-law are landscapers/plowers (and very talented general handymen), so this amount will not be close to this)Real estate taxes:  $3847Vacancy rate:  8.3%Maintenance and repairs:  $1200 Advertising:  $150Administrative:  $15020% down payment:  $76,400 with 5% interest rate - $305, 400 mortgage amount - mortgage payment $1641Rents are:  3BR - $1325; 2BR - $1050 and 1BR - $975. 

I would put 95% of your energy into door knocking.

I have my tenants pay electric and gas, I add a fee for the water @Brady Hlad.

But then also subtracting out these numbers (insurance, tax, HOA, other costs were all calculated by actually getting quotes for electricity, water/septic, internet, cable for this house). 

Most issues I’ve handled remote ( I live 2 hours away by car ) and have only gone onsite twice - once for a complex electric water heater install and again when we did scheduled exterior painting.

I spent about $40k on necessary upgrades (electrical, plumbing, & cosmetics).

Hello, I am a new here, I am purchasing a triplex with current tenants that has been there for decades, after inspection we found out that the units are not safe to stay with many major issues, roof leaks, subfloor in bathrooms very soft, electrical panels that has been recalled decades ago and many other..... please let me know from your experience what is a shortage time frame I can remove tenants, or if they stay with standard 90 day notice how could I avoid the liability in case something happens. please advise..... thank you

The total estimated cost seemed high for just minor repairs  ($2700-$3700, $500 of which is PM fee) There are a couple items I expected would be flagged but not mentioned:Recommended items that i think may not be needed:- Seeding back yard lawn- Remove satellite dish on roofItems I thought would need to be on list but not mentioned:- Add washer/dryer- Clean gutters- Attach electrical panel cover- Fix loose lighting fixtures, cover open junction boxThoughts?