Yes i agree with separation of electric utilities, but when I buy multi units without separated utilities i subtract the cost of separation off the price. When i bought a 4 unit months back I also bought in an area where homes sell between 60 and 80k and I paid 32k for this 4 unit.
My 4 rents are 1700 per mo and I pay 450 in utilities on average per mo.
I negotiated a 10 year contract with sellers with 3k down. They also own free and clear and I see ab out a 2k per door in upgrades over time to bring out of the 1980's. My building sits on a double lot so plenty of space for parking and a yard as well as a 2 car garage for free storage for me. The building has a arv of about 60k and is taxes at 65k.
I use this example to show you what I mean in regards to numbers.
The neighborhood is stabilized and there has not been a murder within a mile of the property in many years. This property may not be something i would buy for appreciation but I never buy for that. I buy for 2 reasons cash flow and an instant spread I can sell and make money on if i decided to.
Its hard to make lots of offers and go away empty handed so here is an idea rather then quit in your negotiations I have a tendency to make my low offer and just tell them please hold my phone number and call me back if you cannot sell it in a reasonable time frame. If you walk away and your friendly when u part ways, you have a good chance over time of a some of your deals coming full circle back into your arms again later.
The 4 unit I talked about above was a deal that toke 9 months to buy. The owners left town and finally they called the broker and said go ahead and take his offer of 32k. We were almost 10k apart when they left town. 4 months of managing out of town made owners decide to come back to negotiation table and finally settle on my price of 32k.
This is your business dont accept other peoples numbers for what cash flows in your business.