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?

The way they currently have it set up, they are paying all utilities (even though its all metered seperately), and there are 2 apts that they stopped updating that would be rented out with a little elbow grease.

As for utilities, we are checking with the provider to see if we can separately meter the garage, as we have to run new services.

Good old Smart meters!

Pay to separately meter the utility.

The real estate market is undervalued for now, with prime locations on average costing about 1,200 USD per square meter (about 110$ per square foot).

The low rent one is a family friend who has lived there 12 years.Insurance total 1200Taxes total 6kWater is provided to tenants due to a shared meter situation.

Couple that with the "pink envelopes" and it's often a slam dunk.If the electrical and water meters have been removed, they may be motivated. all cash

One of the nice things about utility meters is that they are typically close enough to see without trespassing onto the property...

Might have floated into the basement when it flooded, pulled the tabs out of the meter, and get the trons going so I can get the sump pumps going in the basement due to 6 feet of water after a hurricane.