Does anyone utilize a line of credit as an emergency fund?

Probably the most common mistakes made in the development business by non builder property owners.

@Stuart Udis is discussing what commonly happens.  

Are utilities paid by individual unit tenants?

It is very common for residents to note of issues within a week of move-in.  

Quote from @Michael Galace: I'm utilizing their service, been with this agency for 5 months now. 

The one percent and 2 percent rule ive never looked at ... cap rate is .. meh .. its there - what im most concerned with is the price of the home relative to comparables and cash on cash to start.   9)  I look  the other way if it is a multi unit that is not separately metered - thats always one of my criteria here in pgh as there are a lot of older homes and a good portion you wind up worrying about who will cover utilities.  

It is a common area for investment property.

Credit scores are made up of many factors, one is the utilization of an account vs its credit limit.

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.