.- 14 unit monthly income 7,000 (all leased)- laundry  monthly income 500.00- purchase cap rate 12.86% ( used bigger pockets calculator)- ANALYSIS IMAGE IS ATTACHED- Property management is only 5% because it is a family member that is going to help me- Water and electricity expenses are only for laundromat, every unit has separate meters.- It is located in a town of 11,425 population but according to the past records it hardly has any vacancies.The property itself is not what scares me, what does is actually my inexperience in multifamily and the creative financing I'm going to use.

Electrical -$250.00?

Perhaps there is a way to set ourselves up for an easy transition later by doing some sort of plumbing/electrical work in the new place now. 

(from google maps) According to a particular website, it appears that electric panels in each unit have been updated.  

This parcel has no well, septic, or electrical hookup.

single story rancher, 1,300-1,800sqft* Roof (low grade)* Electrical panel (100-150amp) * Exterior paint * Siding (vinyl)* Handyman type projects (hr)Much appreciated!

The cottage only has electric, no gas, so it might be different with gas. 

I have to pay for the electric in the basement.

25 properties all SFR 30k each all occupied tenants pay gas and electric.

For what it's worth, I've never been a landlord.Details:6 unit apartment buildingfully occupied with 5 of 6 tenants being there 10+ yearsowner admitted to not really taking care of the place except in "really bad" situations.hasn't raised the rent in 12 years (tenants are paying $300-$500 PER MONTH less than comparable apartments in area)Tenants pay electric.