So one of my tenants has a $700 water bill.

.: $1,800Repairs(Not Much Needed): $3,200Utilities(Water, Common areas electric): $1,500Maintenance(5%): $1620Lawn/Snow Removal: $1200Total Operating Expenses: $12,520Net Operating Income: $17,180Annual Debt Service: $9155Cash Flow: $8025Cap Rate: 9%CCR: 16%Am I missing anything?

You really got hosed on that "upgrade".

The community here can definitely help you navigate the REI waters.

Thought to be “dead in the water,” the Johnson-Crapo bill lost some steam last week when six Democratic Senators removed their support.

Another questions is about the condition of this house.This house will be sold as as-is and the bank won't turn on an electric, water or gas for an inspection.

And give them their security deposit back minus any damages, outstanding water bills, etc.If they don't go for that I'd offer them cash for keys.If all else fails I'd hire a good attorney and have them evicted.

with some of my research, some places pay for water, gas.

This spot is already set up with water/ electric and sewage.

ARV is a little thin, but if you plan to hold for a long time that isn't a major concern.Is there any deferred maintenance or do you see having to replace any major items in the short-term (garage door, furnace/AC, water heater, etc.)?