The top floor, with access to the garage will generate $2,600/m + utilities and the suite will generate $1,600 + utilities.$4,200 total income-$500/ property tax-$200/m insurance-$150/m maintenance-$100/m city utilities (water/sewer)-$210/m 5% vacancy (even 5% is overkill)-$2,500/m mortgage ($700k @ 2%)=$540/m cashflow - Even if you wanted to have a property manager at 10% the property would still be cashflow positive.This property only generates 0.47% of the purchase price per month (nowhere near the 1% rule) but still cashflows. 

This cost an extra $200 and uncovers things like utilities, code violations, etc.

This will be one of your factors.Another factor is utilities, do you have utilities on the main street, or you will need to spend a lot just to get utilities to your site?

That is why I said to make a column for category that is used to identify rental income, utilities, personal withdrawals, etc..

Because this is a student rental and so is going to utilities included, I was already planning to get a smart thermostat and smart locks. 

Based on inflated home prices it might make sense to utilize the equity to buy that rate down especially if that is a long term rental.

How do you get tenants to pay for the utilities?

Utilities on owner? 

Hi, I'm about to make my first offer on a house.What I have analyzed so far(It will be an Airbnb type rental)- cashflow (for sure)- prices of comparable properties in the neighborhood- amount of property tax- amount of insurance- amount of utility cost- zoning- location, neighborhood- reading reviews of nearby airbnbs- neighbour properties and their future plans- rules for said property around STRWHAT DO I MISS????

We charged our tenants 500 a month, utilities included and typically at any given time had two tenants which covered the majority of the mortgage.