I wouldn't suggest you buy a single-family home to live in because the additional cost outweighs the benefits.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Please keep pushing and sharing your progress. we are enjoying seeing your success in addition to learning how to pursue and analyze deals in different market sectors before blindly buying and learning the hard way.

Also, here's an article with additional FAQs on cost segregation studies that you may find helpful.

Investigate what (if any) additional fees that they charge for handling evictions, and find out whether they go to small-claims themselves, or hire an attorney.

I'll look into VRBO as an additional platform as well, thank you!

As JD said, the tenant must list the landlord as "additional interest" on the policy.

Quote from @Kyle Schachsieck: Thank you all for the information and additional resources!

In addition, yes there are property managers but very few want to manage my B or C class property for an extended period of time in the fashion I would if I was managing it or that a really good sponsor would.

If you can't manage what you currently have, you won't manage additional income from investments.