Here is my deal analysis:PURCHASEPurchase Price$120,000.00Down Payment$24,000.0020.00%Closing Costs$3,240.00Mortgage$437.00INCOMEMonthly Rent$1,200.00EXPENSESProperty Tax$267.00Home Insurance$85.00Vacancy$50.004.17%Maintenance & Repairs$60.005.00%CapEx$96.008.00%Water & Sewer$80.00Gas$0.00Electricity$0.00Total Expenses$638.00DEAL ANALYSISNet Operating Income$562.00Monthly Cash Flow$125.00Cap Rate5.62%Cash on Cash Return5.51%So when I first looked at this deal, I saw there was long term tenants (so lower vacancy), the living spaces of the property were actually very nice for a MFH, and the price was attractive.

All units  are individually metered for water and electricity bills.

I underwrite 15% when combined with repairs.You have Water listed twice.

Regarding the inside of the home, if people are actually living in it that says there should be water, electricity, and/or gas connected.

So if you had a serious repair issue (i.e. no heat, no water, dangerous electrical, etc), then your state gives you the right to repair the defects and deduct the cost of the necessary repairs from future rental payments.

Should I do a coin-operated washer and dryer or charge a laundry fee to cover water cost to operate?

Im looking at an interesting duplex property where, not more than 2 houses away, JEA owns (and is working on) 3 vacant lots for the installation of a Potable Water Well (screenshot: https://prnt.sc/rddvse).

I found a similar house where the flipper has replaced windows, HVACs and hot water heaters, got into the wiring and stopped.

Local water hardness has an effect on cartridge life.Ceramic cartridges may last longer.If it's a real tough crowd you're renting too, this might be an option (they might be very used to it).https://www.acorneng.com/security-plumbing-fixturesGood Luck!

@James Wise I play to just work for a real estate company first, I ideally want to invest but I plan to "test the waters first" and see if I like it.