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.

Seller will not turn on utilities for the inspection but signed in contract that they would.

I was going to do the line of credit but didn't bc I only get $55k and it will hurt my utilization bc I would most likely use it all.

No matter what metric you end up using, always remember it goes back to sustainable Cash Flow.

Self-storage is an investment that I am interested in utilizing already.

If you are seeking to invest the gains from the sale of your property and do not want to use the 1031 strategy, look for a passive investment with a sponsor who is utilizing the cost segretation/bonus depreciation strategy. 

Since I will be owning and maintaining both properties, I will have utilities/bills going to each respective properties.  

@Red Peterson one other item I would pay close attention to is the owner paid utilities (ie.

One other thing.. are there any utilities that you will be required to pay as a landlord or can you pass all utilities on to your tenant?