Here is the high level if you don't want to go into the PDF:- 300k list price, 10 units, 10 cap in Cincinnati OH (near Xavier University)- "C" class property in B class area- Potential to reduce expenses by submetering gas heat / water (or putting in a RUBS system)- Potential to raise rents by phasing out subsidized tenants and re-positioning as market rate class b/c tenants or class a/b student housing Offering memorandum:https://drive.google.com/open?

The high HOA pays for all the utilities - electricity, gas, water, roof, maintenance, pool, parking . . .

The apartment is only 850 square feet and is well insulated, gas heat. 

Like a little walk-around training: where to turn off water, gas and power.

I actually just returned from there as we had the water turned on today (gas and electric were done before Christmas). 

Then at the end of the year, submit all those business expenses when filing taxes.I was under the impression almost anything towards the LLC could be claimed as a business expense.Examples of things I would have claimed:- LLC startup costs- Costs of creating a logo- Electronics used for the sole purpose of the business (Laptop, business cell phone, camera)- Gas (Having a separate card used for gas purchases, keeping all receipts)- Rehabbing (Sheetrock, tile, cleaning materials, etc.

I cant help but think of the gas saved, time saved showing homes. 

Talk with your attorney that would be doing the close before you commit to the deal and talk to utilities to make sure you can get gas, electric and cable in there as well as make sure that you can clear and excavate land for development .  

As Jeff mentioned, water and sewer are commonly paid by owner; electricity and gas are usually paid by tenants as each unit has its own meter.

@Jay Dewberry I aprenciate your response, thank you, and yes difinitly the wording, because it was just water damage, as for the numbers total rent would be 1650 all together, i pay water sewer, garbage 180.00 tops, and gas during winter 150.00 tops and mortgage 800.00 plus insurance 60.00And property tax 2400.00 a year, but my main question would be is it better to rewire it now, before i put it back together?