Also, if there are larger issues with the HVAC (or annual service), hot water heater, roof etc.

@Kristin RikerHere is how I calculate for all my personal rentals and for my investor clients in Tampa based on one occupant in a 1/1 per month:Electricity: $70 (excluding air/heat/stove)Air conditioning: $65 (averaged over the year)Heat: $65 (averaged over the year)Internet and cable: $100 (depends on the services you choose)Water: $50Renters insurance: $13 (about $150 billed annually)I own a multifamily property in Tampa with my spouse and electrical meters are split but Tampa water is one meter.

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Sounds like that new client of yours is in some hot water, ouch!

We had a tenant last month where we had issues with the hot water heater and then the heat, and we took $175 off his electric bill.   

Complete rehab the house and added central air.

Rent to Rent, Buying a house with your own money, buying a single family home, apartment complexes, trailer homes, air bnb's, short terms.

He is making it but the margins are tight - he has to pay his master lease rent and then the Air BnB cut.

It's been a lot of learning in the past few months and Air bnb arbitrage seems like a great niche to get into to cash flow and learn markets before buying property. 

Newburgh has been a gentrification "hot spot" for many years How did you find this deal and how did you negotiate it?