If you did not know the City will have the Electric company remove your electric meters and put locks on natural gas meters after a fire.

Each unit was all electric with tenants paying their own elec.

Water, sewer, gas, trash, and electric! 

Some do nothing other than mowing and exterior maintenance, others handle everything outside except electricity. 

I keep 2 months of holding cost (mortgage, taxes, insurance electric and water) and insurance deductibles for each property.I have a small emergency fund and save for planned repairs/updates.

I started by stripping all of the walls and carpet, electrical and insulation. 

The property has a new roof, up to date electrical, is newly painted, has new LVT flooring throughout, a new modern bathroom, and a new modern kitchen with granite countertops, new cabinets, and stainless steel appliances.

The property has a new HVAC, up-to-date electrical, new LVT flooring throughout, new bathrooms, a new modern kitchen with granite countertops, new paint throughout, and new landscaping.

After we paid for the inspection, we requested an electrical issue with the breaker be repaired, along with a handful of other small issues. 

.- 14 unit monthly income 7,000 (all leased)- laundry  monthly income 500.00- purchase cap rate 12.86% ( used bigger pockets calculator)- ANALYSIS IMAGE IS ATTACHED- Property management is only 5% because it is a family member that is going to help me- Water and electricity expenses are only for laundromat, every unit has separate meters.- It is located in a town of 11,425 population but according to the past records it hardly has any vacancies.The property itself is not what scares me, what does is actually my inexperience in multifamily and the creative financing I'm going to use.