There is also a park there with 3 utility hook ups for RVs. 

The rental income from the other side pays for my mortgage and my utilities.

Compare to the sitting empty plan, they get to deduct all taxes, insurance, utilities, maintenance, repairs, furnishings, etc etc.

Hello fellow investors, if there someone out there willing to help me understand how to better utilize the analysis tools, I would greatly appreciate it. 

We want to be able to utilize caps rates to raise rents and lower expenses to get our capital back.

(Builder's fee, permitting, utility hookup, etc)-Any valuable experiences relevant to my scenario that you wish you knew when you did something similar?

The main items ypu want to focus on now when running your calculator is the debt service (mortgage), taxes, insurance, maintenance, Capex (if property is in excellent shape and doesnt need any major improvements then this figure does not need to be quite 10%), vacancy (talk to PM), landlord required utilities (if any), lawn care snow removal (if applicable).

I rent out an 1100 sq ft single family home which sustained significant water damage to the kitchen in November from leaky plumbing.

Cash flow after 5% CapX, 5% maintenance, 5% vacancy, as well as estimated utilities divided amongst the roommates, is about $30/mo.

Some common methods are through strategies like charging extra fees for covered parking or reserved spaces, renting out common areas for parties or events, adding or increasing pet fees, sub metering utilities, and converting unused spaces into storage units that tenants can rent.TIP: Ensure you understand any services that are included with tenant rents and the existing sources of miscellaneous revenue, if any exist.