I explained I'm an IT Engineer and just bought the house from the bank with cash.

You do have a degree in mechanical engineering so that is a start and goes a long way towards getting you on the path.

ALSO, due to a recent storm a branch fell on overhead electric line which a pole that was attached to house and went through part of roof was partially ripped away from house and now you can see through part of roof for underneath house.

Don't get me wrong I know the concept of the AND and OR Gate I'm a Computer Engineer.

@Jose PerezLandlord pays water and heatingI will almost always pass on a deal where I am responsible for heating unless there is a way to separate the gas and electric.

It required a substantial rehab, including going down to studs in one unit, redoing electrical in that unit and minor plumbing.  

It is a rehab in process, exterior paint scraped, interior, new electrical, new plumbing, new sub floor & drywall hung, no tape..

Dont know mortgage interest rate and without having a complete breakdown of your monthly:Property taxManagement feeInsuranceWater, electricity, and trash ( if you're paying for it)Maintenance reserve and cap exVacancyI can't provide you with a complete break down.As far as cap rate( noi/ full purchase price of property) I'm calculating 6.1% and a cash on cash return of 5.91%.

I had an electric one that lasted 24 years.

I have worked in the Engineering Department for a short-line railroad for the past year, and was a mail carrier for the USPS for six years prior to that.