Tenant pays all utilities including water, lawn maintenance and snow removal.

The power and water to property also got cut off due to lack of payment.

I have been listening to the podcasts and stalking the site, now it is time for me to jump into the BP waters.

I realize you can lead a horse to water, but my theory is that if If just 1 in 100 tenants listen or read these books and help their financial situation, it may reduce my turnovers and cost of turnovers.I'm curious as to if anyone has tried this or something similar in their welcome package.

The problem is all of the mortar joints are in bad shape and there are holes and failures allowing water to get in.

Property Managers will charge you 7-10% to handle your properties so you will never get that 2am phone call about a water heater letting go. 

I have a property identified for potential purchase. 1920 2bed/1bath new roof,  pipes,  water heater. 

Tenants pay electric, owner pays water/sewer/trash.

Can landlords charge tenants for utilities such as water or is this something that should already be factored into the rent?

Below are my numbers (I ran the numbers as if I am financing the 10k through HUD at a 30 term, although I'm just losing potential interest 2-4%) Purchase Price $10,000.00       Home Value     $47,500.00       Interest Rate     3.5% Down Payment 6.00% of the purchase price $600.00 Amount Financed $9,750.00       Income       Rent     $1,000.00 Other Income     0 Capital Appreciation Rate -1.60% per year of home value $46,740.00 Total Income $1,000.00       Expenses       Mortgage 30 year term $27.08 Taxes 1.05% of value of home $41.56 Insurance     $100.00 Flood Insurance       Repairs 10% of the mortgage $100.00 Vacancy 10% of the monthly rent $100.00 Capital Expenditures 10% of the monthly rent $100.00 Water   Tenant pays $0.00 Sewer   Tenant pays $0.00 Garbage   Tenant pays $0.00 Gas   Tenant pays $0.00 Electricity   Tenant pays $0.00 HOA Fees   Flat Lawn Care     $25.00 Property Management     $110.00 Total Expenses $603.65       Cash Flow $396.35 Cash on Cash Return on Investment 66.06% Annual NOI     $4,756.25 Cap Rate     792.71%Am I missing something critical?