Powerful, grounding, responses here.

However, due to unexpected construction costs and delays, the project is now at break-even.

Tim Gordon Hey -- more power to you.

I'm not sure if this is acceptable in your state, but an example might be; the master would be Heavenly Homes, Series LLC, filed as required and obtain a certificate of good standing, tax ID number, etc. for the bank account....Then, "Heavenly Homes Series One LLC" file it with that name, it has a tax ID, certificate of good standing, etc. take that to the bank show the Operating Agreement for the powers granted to those members. 

One of the obvious pros is that you don't have to watch the clock and worry about the unexpected extra charges, provided you stay within the agreed parameters.

Just make sure you set enough aside for capex, vacancies, unexpected insurance increase, taxes, tax professionals, and local considerations (excessive heat? 

The submeter is accurate and tracks usage of anything powered on in the unit. 

If you haven't already, look up Chicago RLTO to get a sense for how the City gives the tenants all the power.

Social media can be a powerful tool, and then good old-fashioned door knocking for listings is a great way to drum up business as well! 

I could also add a non PGE meter for measuring the tenan't power line.