It has common water and gas but separate electric meters.

Repairs do not have to recapture when you sell the house too.)UtilitiesPre rental expenses ( expenses incurred before finding a tenant )If you use your Car: This can include- oil changes, Maintenance, gas, repairs, parking, tolls, and depreciation.

The alternative would be to upgrade the house to a natural gas generator to kick on when the power goes out - but you're looking at about a $3,500 bill for the equipment plus an electrician's time.I'm not sure it's really worth it.

 I'll respectfully disagree with the "no benefit to cash" statements.When I'm representing a seller, we LOVE all cash deals, because it eliminates the whole underwriting process.That's where deal get wrapped around the axle - borrower's DTI changes before closing, property appraisal comes in low, property is with 300 feet of a gas station (yes, that's a real thing with FHA), sudden unrelated expenses come up during underwriting and borrower has insufficient cash on hand to close, down payment cash is gifted from a source the lender won't approve of (think close friend, second cousin), cash gifts are not seasoned, FHA/VA/USDA appraiser sees peeling paint, broken window, crumbly steps, etc., not to mention that it also eliminates the financing contingency.A cash buyer eliminates all of those landmines, making it a MUCH stronger offer than one with financing, even if the all cash offer is somewhat lower.

I have no desire to unduly penalize these folks, but obviously this is a huge hassle and it has cost me advertising expenses, time, gas, utilities and a month of vacancy.

We put on the riot gear and sometimes tear gas depending on his mood.  

Do everything separate for each half, water, HVAC, gas/electric etc.

I'll do some digging and listen to some of the podcasts on the topic and see if there are any other good ideas floating around out there.2016 Income 139,393.25     Expenses   Electric (7,671.49)   Garbage (5,676.00)   Gas (579.48)   Insurance (6,620.50)   Mgmt Fee (18,000.00)   DNR (600.00)    Phone (915.06)   Property Taxes (7,762.23)   Sewer (16,923.26)   Water (19,731.78)   Net Income 54,913.45 Same basic info for 2015 but the net income was 89,900.00. 

I have a house in major disrepair that I want to Fix-Up.Asking price is $80K and I'm looking to get it for around $60K.Its was built in 1895 and has city water and a septic system.The heat was supplied by Gas stoves/heaters, but is run off a Propane tank which the owners have removed.The structure seems good to me, but the Mortgager lender I talked with said it would have to appraise and there cannot be any structural damage or safety concerns.  

My main concern is the heat requirement - there's one gas heater in the house, but there are 3 bedrooms, a bathroom, and a living area without a specified heating element.