Hi @Kevin Whisler,The few items I see missing are:- utilities (even if tenants pay, you have a common meter and water/sewer)- fire inspection (if your area requires that)- landscaping and snow removal...assuming it's not always sunny in Philadelphia :)The property insurance seems low to me, but I don't know your market so omitted that from my list, assuming you already verified that number.Good luck!

Also, each unit is separately metered for water and electric (somewhat rare in downtown Wilmington) and has W/D hookups. 

Finding a legal 2-flat with an ADU will allow you to get 3 units without the SST being applied.4) Ask the seller if the property is metered or unmetered for water.

I have a call in to the city running it up the mgmt chain -- The property is under one address with the assessor, and metered the same way for water.  

Electric meters are usually separate on most but how do you split water bills or get meters for the water usage?

Call the STL water department and ask them if the property is metered or flat rate. 

And the parking at the meters and in the nearby lots is always free in the winter.See you tonight!

I am evaluating a property and the water meter has been removed from the pipe at the street level. 

I plan to either sub meter all utilities individually or just have the tenants start paying.

The water meter was also located below grade in the slab and that had to be brought above grade in order to pass inspection.