In fact, I would want to go even lower because there's a very good chance some damage is hidden and costs will run higher than anticipated.If you aren't experienced, I recommend you just buy the good apple. 

I have been in property management for 20 years, almost 3 years ago I moved to Birmingham AL to start my investment journey.

Divide the long-term vision into manageable steps.

The utility company doesn't manage your property...they provide paid services until they're not paid anymore. 

The total cost for this monthly for me is $1.00 fee for online payment for Sevier County, TN and the .73 cent stamp for Blount County, TN.

My total cost is 40k, can resell at around $130.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

If you're a relatively new multifamily operator, you'll likely be required to hire a professional management company (inexperienced owners are typically not allowed to self manage the assets).

@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

At least his apathy only costed you $1500 and indigestion.