Straight off the MLS vs off-market, finding a seller on your own before it's officially for sale.The MLS is the multiple listing service, where an agent/broker/realtor has been retained by a seller. 

(Utilities were rounded up on my part)The asking price is $115K (in a very small town, but the biggest town within a 50 mile radius).Monthly Rent                                          280010% Vacancy                                        -    280Gross Monthly Operating Income     252010% Property Management                   28010% Repairs Maintenance                      28010% CapEx Reserves                                280Property Taxes                                          280Property Insurance                                   200Heat                                                             270Electricity                                                    225Water                                                             75Monthly Operating Expenses              1890   Total Annual Operating Income           30240 Total Annual Operating Expenses     - 22680Annual Net Operating Income             7560Purchase Price                                    115000Cap Rate                                                6.57%25% Down Payment on Loan             28750Loan Amount                                        86250Closing Costs                                             300Length of Mortgage                             20 yrsAnnual Interest Rate                              5.0%Total Annual Debt Service                  6831Annual Cash Flow                                    729Monthly Cash Flow                                  $60Cash on Cash ROI                                   2.3%When I first saw a "6 unit apartment for only $115K" I thought it was a gold mine.

Can anyone recommend a note servicer?

Unless you're offering a very niche service, you can't realistically charge very high premiums for coaching.

My background is in customer service and TV/Film production -- a clear path to real estate, don't you think?! 

Also, make sure you're including relevant vacancy, maintenance and capital expense reserves in your cashflow analysis; not just debt service.

(ii) The cost of water, gas, electricity and telephone to service the Common Areas and any utilities not separately metered.

That makes the investment look a little better.Installing gas forced hot air will be less effective- depending on gas/oil prices, you might only save 10%, plus everyone will have to pay for extra gas service which could wipe out those savings. 

Just wondering why you would consider this since many people use cell service for internet?

Our residential screening service will not be able to screen a commercial applicant.