Also, I don't know anything about the property but if it's under rented it may not be in market rent condition.

Yes, you should be honest about how many people may reside in the property.You are buying insurance for the entire property, not just your unit.

Then you can start seeing other places just on the MLS when you get this strategy down and knowing what rough numbers will be, but it is always mandatory to get a full amount of rehab costs to get the GC into the property. 

And I try to be as helpful as I can.

I’m an ex realtor who also has some experience working for a private equity group for a short time before I got a really good gig in a completely unrelated industry that will allow me to have options when investing.

They will handle the collection and distribution of payments, amortization, escrow accounts, and any tax documentation. 

This could be a great option for your property as well.I recently met an investor at a networking event who specializes exclusively in pad splits.

If they gift it to you it's tax-free (as long as they're under the lifetime gift limit around 14 million) they may have to file a gift return though, but there won't be tax due. 

That does seem high.Best practice to avoid surprise water bills like this in the future would be to request copies of the recent water bills while under contract for due diligence.

Who is saying that?