However, failure to adhere to these principles could potentially lead to the piercing of the entity veil, exposing you to personal liability.One critical issue to consider is whether or not your LLC is registered in the state where the property is located.

It's a complete roll of the dice when you switch to the smart meter, so this doesn't surprise me....it could go up or down depending on the actual water uage.  

Hey @Kalen Adamson, I have always been on the fence with this idea.

The bank will value the asset as-is - that be, the current rent roll and performance of the property.

yes but they may not pencil out or the rate goes up significantly.

In the end, my portfolio gives me better returns because I accept the risk of having some deals give me marginal returns to be able to get the massive returns from the home runs.

Out here in AZ you're going to need to do a STR or MTR if you want to break even on a property with only ~20% down, but if you pick the right location appreciation should beat the national average. 

I'm here to help, boots on the ground, full time.

Marry the House, Date the Rate - You can always refinance when rates hit rock bottom and lower your payments.

It is something that gives you the leverage to make more money and have the ability to not pay the debt on it monthly either (your burn rate on it).