No water problem in regards to leaks around the windows or in the basement - but this is on the weather side of the house and receives a ton of hard rain.The concrete foundation is extremely hard (very old concrete).

@Neil Harding I mainly only see my family at Christmas, but last time I talked to them, their more rural houses were having a hard time getting renters with the price of gas and mainly needing to drive to Topeka for work.

I hop on the roof with a gas powered leaf blower and walk around the edge.

Utilities are yet to be determined, but i'd estimate around 200 a month for those altogether (cable, internet, trash, electricity, water, gas).I just want to make sure i'm not being taken advantage of.

Put another way, would I not be able to spend the profits on my personal costs such as groceries or gas?

I you become a commercial agent try to land with a specialized to larger commercial firm.Regular residential firms that sell houses might occasionally come across inherited land being sold for commercial or a mom and pop type small gas station.

I inspected the property in October and found that the roof leaked and there was mold in the corners of the ceiling of several rooms.

Michael if you don't mind me asking, did the previous owners properly re-zone the SFR to a MFR (3,4plex) or did they simply illegally install power, gas, and water meters, and re-structure without the  permits.  

One of our clients bought a park that was empty of homes, had a swimming pool filled with dirt, and a trashed club house for a bargain that some other organization had bought for what they thought was a "higher use" and gave up because of the cost of ripping out the pads, the electric, the gas, and the water supplies and sanitary lines.

Looking at a 7 unit property in which the apartments are not individually metered for gas or electric.