Ezekiel,You are correct on rent o meter and other property management companies.

I don't suppose I can separate costs of oil heat the same way other utilities may be separately metered per unit. 

A property that conforms to the 2% rule, but has really high expenses (taxes, all utilities included in rent, etc) may perform worse than a property that is under 1%, if all the utilities are separately metered and payed by the tenants, etc.Run the actual numbers, don't just say "hey, it's 2%, I can't lose here!"

For example the electrical renovation I'm having done right now, it's easier for my electrician to just order the exact type of four gang meter socket they want from the supply house on their account than me try to handle it.  

We'll get ahold of Centerpoint this week to get the gas meter moved and the electrician will start later in the week demo'ing out wiring and starting to pull new for the new layout as well as we are moving the panel.

The property is separately metered for gas and electricity.

Hi Bruce,Yes, and flush the toilets and run the water in every drain, including floor drains.Open the windows for a while to air it out.The water evaporates in the traps and sewer gases fill the house.Don't light a match or smoke inside until the house airs out.Also be there when the water comes back on and look at, and listen (at the meter) for leaks.Good Luck!

separately metered for heat/electric-city trash/water/sewer is $120/quarterly.

Additionally there is a second meter that needs to be removed.

You might want to increase your vacancy allowance to 10% {unless you have good stats on the locale}; set a 10% {of gross revenue} maintenance allowance; allow 7-10% for PM.You also need to consider the following expenses:Hydro - does the building have a house meter?