Shop around .... get multiple offers and consider ALL the alternatives.

I know what the responsible choice is but it's just going to be a rental property so I'm sure it doesn't matter all that much. 

If so, a conservative investment like this would be a wise choice  to best weather the storm.  

In NJ I have no choice with current tenants- they keep their pets.

Your choice on a second coat.

Adam,Sub-metering / RUBS may work on paper but you also have to consider the tenants alternatives and not just works for you.If all other similar properties in the area include utilities, then you will need to charge a lower rent and you are hoping that the tenant is willing to take on the added responsibility. 

I definitely plan on purchasing my first multi-family(Duplex,4plex) for a good deal but it's making the right financial choice in regards to financing.

Hopefully you have more and better choices there in Denver.In my little area there is only 1, possibly 2 'stagers'.  

Arizona is different from Minnesota,, I had a 5 plex, 6 plex, and were older buildings I didn't have choice I provided window a/c units I installed in summer and removed in fall.

It's fine and often desirable as a lifestyle choice, but can be tricky as an investment asset.