If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

@Richard Rafferty, while I generally agree with Chris, I will first ask what types of property are you looking to syndicate?

Thank you for your time. 

Does being a first time investor change the amount of my required contribution? 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I've been house hacking for two years and for the first time I'm gonna be renting out the whole house and moving.

As a first time investor looking to make the first purchase on a multifamily home in and around the city of Columbus, OH, within the next 2-3 months, I wanted to ensure I have all the information I need to be able to quickly and efficiently analyze and decide on a property worth investing into.

I’m thrilled to announce that I just closed on my first investment property within one week of joining the BP community!

You should learn how to underwrite a deal properly first and then build the proforma model.

Hey Latoya, welcome to the BP community.Wishing you all the best on landing that first deal.