You have to audit all of their accounting because inevitably late fees will change every statement, utilities are sometimes billed back (or not at all), and god speed if you have a delinquent tenant.

And don't even get me started on utilities.

Are they separately metered for utilities, or can you bill back to residents?

Hi Chase,I'd recommend leveraging your experience with a lender and utilizing seller financing options.

You would then do the math to remove that exemption and see what the resulting yearly tax amount would be.Since it's your first time being a landlord, it might make sense to utilize a property management company or agent to find and screen a good tenant.

You should utilize resources like BiggerPockets, build a team, and use online platforms to find potential properties.

You can then find a multi unit that at least has one vacant unit so you can utilize your VA loan.

You may also want to bring a flashlight to better assess darker areas, especially if utilities are off.

But remember that for studios, tenants typically would pay their own cable, electric and other utilities and maintenance, so the gap is bigger than just the base rent comparison.Our tenants have the option of paying an extra $10/week to have a mini-fridge in their room, and $10/week for weeks they want a window A/C unit.

Not sure if you have a direct question, but reading the questions between the lines on when a property is actually considered to be in service.Facts and circumstances.Generally for a rental property it is "in service" when it is "ready and available for rent" - meaning you are marketing it for rent, and a tenant could utilize a property that day.