It was a very large historic home with a lot of potential.

Contact the utility provider and get an historical average based on the last year of use.

The only reason it's not done more with water is because the water lines are underground, which makes it more impractical, and historically water & sewer have been ridiculously cheap in the US.

Historically, the returns have been huge especially recent years. 

If you are BRRRRing the property and believe you can get back the down payment in a cash out refi then maybe it is the best route.The cash out refi, especially with rates still historically low, would be better off if you are using the money as a down payment on a new property that you don't plan on paying back anytime soon.

It seems there are definite opportunities to fulfill the 1% rule and while historically Memphis has not offered much in appreciation, it seems to have been changing recently as home prices are now rapidly increasing.

My 2nd major kitchen renovation in my multi-family home in the historic Tremont area in Cleveland, OH.

The job opportunities alone bring in new residents looking for career growth.CHARLESTONRich in historical passion, Charleston is more than old money.

With rates being near historical lows, now may be a good time to refi your primary, but you also need to consider how much you stand to gain from doing a cash-out refi (limited to 75% LTV) vs a rate/term refi (80-85% LTV). 

I've used rentometer before for a quick historical ballpark range of rents.