Tenants don't seem to understand that they can transfer from one account to their new address or that they might have to put up deposits at the local water, gas and electric companies.

Because once you get into anything that involved ripping out major items, plumbing, electrical, kitchen etc...you'll quickly blow your budget on time and money.

Here's my situation, I am 20, in an electrical apprenticeship, but I want to own property.

You rent an apartment you have to supply your own electric, cable etc.

How can you get an accurate inspection when water gas and electric are shut off

But here's what I have right now....Asking price: $49,000Comps: $100-110kmonthly gross income: $1050needs new shinglesowner says the building needs "updating" (the outside looks fine to me).key points-rents are currently 20% below markettennants pay all utilities except water and sewerbuilding has electric baseboard heattennants currently have free washer/dryer use (this would change quickly if I purchased, and would provide increased income)I know the first thing I have to do is determine how much updating needs to be done.

There are probably a few plumbing problems and maybe electrical.

You can attempt to meet the lenders in person , but that's another story of social engineering.Anyways, the comissions vary from bank to bank , lowest i've seen has been 2% regardless of listing price, i've heard of some banks doing a $500 flat brokerage fee.The comission isn't the problem , the problem is YOU are the one that picks up the tab for the electric, water ,and any maintenence that's done on the property (From most vendors).

Owner pays gas, water, electric due to not having separate utilities.

I hate my current job (computer programmer / web designer / small electronics engineer), and I hate working for my insane boss. ;) He enjoys construction (where he is currently working for someone else), and with his GC license we are thinking of possibly doing some fix and flips.I am a little more interested in doing some wholesaling, but at the moment I am open for ideas.