My wife and I are in the Atlanta area in search of our third rental property and we are super excited about the idea of starting a co-living strategy.

It takes a while to get off the ground.

We are in the process of getting the loan and down payment squared away.

These types of policies are structured the opposite of a typical policy where the goal is the large death benefit amount. 

Congrats on the Triplex!

That is currently the case with the large bank that I'm working with at the moment.

Unless you have evidence the tenant caused the crack, you are out of luck.It sounds like there should be a bead of caulk between the sink and the wall to prevent water from seeping down.It also sounds like you should inspect at least once a year so problems like this don't go undiscovered for so long.

I'm doing the roof myself as I did on the other property along with the other renovations.

The main difference is that you don't borrow "money ", but instead buy the property from the lender over 360 payments, and the price of the property is marked up - this is the "profit" they charge.

It's a complete roll of the dice when you switch to the smart meter, so this doesn't surprise me....it could go up or down depending on the actual water uage.