This means you may need to wait until the utility can determine the amount attributed to the outgoing tenant.

Depending on the purchase price, you could potentially get the "cash out" going into the deal to use for needed rehabs and use little or no money out of pocket, which still the BRRRR method, just in a different order.

Cheers...Naw, the Bank will look at your monthly outgo against your monthly income. 

With out going into tons of detail I believe that Colorado Springs is a pretty safe area to look for a larger commercial purchase.

The house is completely paid for so we have no outgoings in terms of mortgages.

But in your case, I wouldn't start there :) I'd start with not saying anything about interest and see if they point that out, go from there...

The rental is an investment where the tenant pays for everything, thus the "outgoes" are all "expenses". 

Ok with out going too much in to details - " I do like this all the time and hence its correct " is not a valid argument .

Al,In our student rentals, incoming, and occasionally outgoing, tenants frequently need to store their belongings before their lease comes into effect.  

Note that I put this lease break agreement in writing with my outgoing tenant because I can't legally sign another tenant until the end of the current lease.