I have a deal that the numbers make sense on, but it is a 4 unit with one electric/water meter.

If they do move I’d offer the new tenants a 6 month lease to test the waters and to get it renewing in the summer then when it comes due renew if for a year if they’re agreeable.

I am employed, and also run a side service business that will begin profiting Spring of next year.

The unit was a SF legally converted into a duplex and currently is heated via Water Boiler with radiators through out both units.

Recall also that mold arises from water.

Excluding areas immediately on water or with few inhabitants. thoughts?

If it comes out that you rented to two tenants on top of each other, then you can be in hot water. 

I've only had to put in about $1,500 in some plumbing, water heater, and HVAC maintenance issues and I gained a tenant paying $750/month with very little effort.

I've only had to put in about $1,500 in some plumbing, water heater, and HVAC maintenance issues and I gained a tenant paying $750/month with very little effort.Lessons learned?

My primary concerns are: it’s a rather small town and I think somewhat limited applicant pool to fill the units. the current owner pays water and electricity - I’ve asked for recent costs which the realtor is in the process of getting but it did not sound like a substantial amount.