There is a growing trend of apartment owners investing in submetering systems for water as these have gotten more affordable.

Make sure you understand exactly what they want to see and when, all through the build process.

People start moving in with their TOH homes (back in the day when everyone could afford one) and the park starts to fill up. 

Hey @Nike Onyechi - Not sure...but maybe it was @Tom Shallcross who was on the podcast somewhat recently, a value add investor, and chicago broker.

Sure you could put $1 up in earnest money if you don't want to be much out of pocket here, but do you think a seller is going to accept your offer when you put up $1 earnest?

This is a good question.I found that meetups are kind of like you described not much really happens there and for sure REIAs and their monthly meeting kind of the same people talking about the same thing then bring in ( at least what i have seen with the PDX reia) folks that are presenting on things that worked decades ago.. and want to sell their stuff for a few grand.For me personally the best networking hands down was SF Bay Area events  San Jose Reiaand LA  FIBI events.folks in those markets are very real estate centric and generally more experienced and in San Jose so many tech folks that have done really really well.. maybe not in RE but have done great in TECH and have quite a bit of bandwidth for investments..

I just wanted to make sure it could be done as I had never heard  of this being done before.

Just make sure to adjust the rent enough to cover the average utility costs and include it clearly in the lease terms.

Not sure where to start next. 

Be sure to have the gas, water and sewer lines inspected as these may be dug up or collapsed - and very expensive to replace/repair.