Ken I understand your thought process and you are talking about 6 units.I can tell you what you say and what you plan to do makes sense but good luck with that.I have already been down the road you are going to travel with the water issue (20 units).If you believe tenants will comply to being made uncomfortable with the washer/dryer issue and on top of that start paying the water on a pro-rated amount without crying foul you are dreaming.Ken when I mentioned water rates I was not including the trash just water and sewer.You would need multifamily billing rates from your water department for water/sewer and consumption history for each month.It's possible you have a really cheap water and sewer use rate for your area.In that case consumption can be high and the bill can be low.You would need to look at then if the water authority was looking to up the water rates soon or by how much it has been rising year by year.They just upped here so they could have funds to improve an aging water and sewer system.Each city and county will have different water resources to draw from and different age and use demands of their current system.All of that will affect the rates.If I was a tenant such as one of yours and you told me the bill was 350 by 6 is 58.33 a month and I felt I didn't use that much water and was paying for someone else's use I would say take a hike on that.Ken BTW what is the purchase price on this property??

Solar hot water systems (popular in the Carter administration), used large, usually tilted up panels on the roof to preheat hot water or glycol in order to lower the homes electricity and/or gas consumption and to heat hot water.

i see that some people are providing free beverages to others:)I'd like to offer you a drink on me:) :beer: And if you offer one back, please make it non-alcoholic as i do not drink:)Better yet, make that a Root beer;) :wink: Frenzy

If tenant paid heat reduces fuel consumption by 20% (which I think might be conservative), 1,500 gallons is back at 1,200 gallons with the two systems in your example. 

The one who does only tile, does it fast, with perfect quality and reasonable price.Plumbing as HWT will need permit, repiping the house also need to be done by a licensed professional and even light plumbing like toilets, sinks etc is better done by a plumber by trade rather than by "Jack of all trades" Electrical as of configuring the consumption, breakers, panels etc - only licensed electrician to cover your liabilities.Switches, outlets or something like that not even considered an electric work - like door knobs, locks - DIY while waiting on other contractors to finish or when you have time.Generally, the more you're doing yourself the longer it takes because you're learning new skills and it takes time.Even if you're good in that - if you're creating business and want more than couple projects a year - you need to outsource everything.

However, I applaud you for committing your goals to paper and posting them for public consumption.  

Most important, I will be sampling copious amount of alcohol, food, tea, events, and nightlife.If someone wants to join me in any of the above endeavours, talk some real estate, have a beer, etc. it's my treat.

I don't drink coffee or alcohol(Mormon) but I do drink flavored water!

Welfare office, housing authority, alcoholics anonymous, detox etc...lol

Jonathan, I'm not sure this fits exactly what you are asking but I thought this might be helpful.Raising Money in an LLC or Joint Partnership-Securities LawFull disclosure--I'm a client of Mat's law firm but this article is on a public blog and meant for general consumption and is not specific to clients of their firm.There's a podcast that I've listened to on this subject (not BP Podcast), if I can find it I'll post it here too.