There is a system we use called RUBS which is RUBS or Ratio Utility Billing System is a method of calculating a resident's utility bill based on occupancy, apartment square footage, number of beds, or some combination of factors.

Water heater uses 25 - 30 AMPS.

This is a typical "seasoning period" required by most lenders.Repairs and CapEx will probably be closer to 15% of GSR all in.You're not accounting for insurance.What about water/sewer or shared utilities?

Our first thought is the save $ to buy a new home with a warranty and rent a town home (by the water which we love) during the waiting period.

How do I make sure the water and electric bill are all in their names?

That doesn't go very far.In terms of your analysis, you should include any water/sewer or shared utilities.

@Raj Kannan, there are opportunities in every part of the cycle, though not necessarily in every asset type or location.Yes, 50% does go towards expenses, but that's partially because you're putting money aside for the inevitable roof replacement, new water heater, etc.

Also if the home has a basement look into water back up or sump discharge coverage.

This proves why the state messing with the property tax rate is not going to make much if any difference when they can just pick whatever appraisal value they want out of the air.There is a local newspaper columnist that is advocating that everyone dispute their appraisal and go to the review board in order to break the system.

Sale price $125,000 I am thinking of offering $60,000Rehab $110,000 it need a new roof and it’s a lot a water damage inside and mold because of it but not all the units are damaged.