However you did not consider capital expenditures, water, electricity,  and any other cost.

I believe there were a few other things about this deal that brought the $/unit up as well.....Paul didn't it have water access?

Calculator factors CAPEX set-aside before and after rehab..are you handling any of the CAPEX during the rehab i.e. new roof, hot water heater, HVAC?  

So I had the city disconnect their electric and water, and I gave them the phone number of someone else that was doing their very first STR.2 problems solved. 

I'm on the fence about this one...The REO property I'm interested in is in a subdivision that the ground water is partially contaminated by THC from a manufacturing plant.

The elevation is lower than the house to the right which currently causes water to pool after rainfall.

Should be evaluated by specialist.11) Water staining present on the ceiling in family room in main house where the roof seam meets between the main house, and un-permitted area12) A few closet doors have been damaged and need to be replaced.13) Another window needs to be serviced because it won't shut14) Need to add fire alarms to bring up to code15) Looks like the kitchen needs to be re-done16) Bathroom repair- fix some slight leaks, a couple toilets, re-do caulking in tubs, re-do flooring and base moulding17) Recommends replacing water heater, and HVAC.

Hi,Has anyone in the CT area had any luck with splitting water bills in multifamily units?

.- I cover water and gas for heat, so I am expecting those expenses to be a bit higher as tenants shelter in place.

Won't be able to do roof 25 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span, etc.