My gas heating properties insurance is almost half of the oil properties!

or will you be paying for gas, water, and electric?

Analyze: local rents, property taxes, insurance, utilities: water-gas-electric-trash.

Hello BP,My 4-unit that I'm rehabbing has these old gas heaters in every unit.

(Total loan of $588,650 after putting 3.5% down)PITI +PMI= $3,588Rents in each 3 bedrooms is $2,300, and $1300 for the 2 bedroom unit (We plan on living in one of the 3 bedroom units for at least one year)Tenants cover gas, electric, cableAnnual taxes are about $2,100 and $1200 in annual insuranceI put 2% ($70) for vacancy, 5% for capex, and 5% for maintenance ($175)After a year I plan on moving out and renting the entire house ($5,900 monthly income)Any feedback would be greatly appreciated!

The day the tenant moved in, he attempted to get the gas turned on.

That accounts for plane, car rental, hotel, gas, etc.

It didn't occur to me that water is a monthly bill (here we pay once a year, or, for gas and electric, when we are low..so maybe just a few times a year) until the PM complained that the tenant received a 5 day notice.

I have not seen them, but I have seen evidence like recent newspapers and gas station sandwiches with recent "best buy" dates.I did e-mail the city about this and they said they would have an inspector go to the location to secure the property and make sure they cannot get in.

And are you sure there is no gas?