Excited to utilize all the BP tools to analyze the market for new opportunities. 

I had no trouble filling my rooms and the house appreciated for $10K over purchase price, the tenants are paying utilities. 

I have been telling my sons to utilize that!

Monthly Expenses: I’m accounting for rent, utilities, and cleaning supplies, but are there other hidden costs I should consider?

You can utilize hard money for a BRRR or flip to get into the game. 

If the property is sub-metered/ if you intend to have the tenants pay utilities make sure to mention that to them. 

Are you utilizing REPS?

The thinking on this is that although the buyer utilizes what appears to be a purchase contract, it is actually being used as a purchase OPTION, and as such an option contract which clarifies that the purchaser is actually obtaining an option to buy should be used.   

I hired a GC to manage the build out, but there has been no consensus on who is responsible for the utility payments (Water and Energy). 

It now cash flows beautifully, which I continue to utilize for other my other properties.