@Mel Rosario I appreciate @Bill B.'

We have simple water meters that automatically log to a cloud database and generate a water bill directly to the tenant.

Paying all you bills from a HELOC account accomplished nothing.

This was not by judicial ruling, it was by a bill passed in congress in 1982.

Purchase price: $305,000 Cash invested: $85,000 Gross Rent: $3,400PITI: $2,270PM fee: $340Basic heat (on boiler but tenants have baseboard electric heating they pay for): $250/mTrash: $164Water: billed quarterly and charged back to tenantsCash Flow: $376I do not include capex in my analysis.

These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

I used to manage my SFR portfolio but turning it over to a good PM was the best thing I ever did.Your indicate PM will cost $1000 a month in cash flow.

Quote from @Cory King: Hi @Bill GrenierThe amount of structures can have an impact on financing but there are options out there.

Quote from @Bill Brandt: If you click on the magnifying glass in the upper corner and type accounting software you’ll see the last few hundred times it’s been asked. 

They are also doing the same crooked billing for tenants.