A step into that direction included me getting involved on the internet.

I have not run the background check yet, I just did a quick search on the internet. 

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I rent out an apt/condo, I rent out the rooms.Utilities are included with the rent..When doing this it's important to put on lease your utility Caps and to be clear.For example for water my cap is $50 anything above it gets divided by 4 (each tenant)What I notice is very important to these tenants is high speed internet they typically don't even watch Cable TV.

I'd call the bank before I walked in, but you can usually get most of the basic information off the internet such interest rate, minimum amount, etc.

I've managed several properties that didn't have separate meters and typically I use the "all utilities included except internet and cable" as a major selling point for tenants.

I have browsed through the information on the internet, general guidelines, how to maintain/running a lot e.t.c but not sure if its the nitty-gritty :). 

The $1,000 estimate for the equipment isn't unreasonable, but my concern is that this system requires internet/cellular service to transmit data to the provider.  

Congratulations, you have found one of the most valuable free resources on the internet for real estate investors new and old.