FINRA (Financial Industry Regulatory Authority) has some good information on public non-traded REITs.

Fair Market Rents, 40th percentile without subtracting utilities: 1582+1055+1055 - 400 utilities (assumed) =3292.

I am totally new to this industry but so excited for this journey.

Very few turnovers cost less than $1000 to $2000, and throw in the loss of rents and cost of utilities during the turnover time. 

Generally I want the tenant to be responsible for all utilities.

Syndications utilizing Reg D for an offering aren’t the ONLY way to a legally complying syndication.  

The major thing with adding utilities is the city and if they will allow it.

Me and my partner are closing on our first investment property and we're wondering what everyone uses out there for software/technology that's reasonably priced and user-friendly to help manage collecting payments, utilities, and those sort of things for their tenants.

Typically sellers are not motivated to carry back financing for a property they’re selling - the reason seller’s DO it is because either they are obtaining a higher price then possible with a cash sale or sale to a buyer obtaining third party financing or can sell a property that’s does’nt qualifying for third party financing because of area, type or condition.Bottom line is that in my experience 98% of the time seller financing is utilized the buyer is paying over market price.

Quote from @Michael Galace: I'm utilizing their service, been with this agency for 5 months now.