SEVEN HUNDRED  so you had all sorts of upheaval in the industry from builders folding up..Banks foreclosing people moving because no construction jobs..

We invest in apartment buildings and self storage so this apartment building folds right into our portfolio.

We invest in apartment buildings and self storage so this apartment building folds right into our portfolio.How did you find this deal and how did you negotiate it?

What makes sense is they fold up that business that makes them $59,000 a year or sell off the clientele and leave for a cheaper cost of living situation, OR they triple their income.  

It can be two fold on splitting utilities;  - putting all of the utilities  in the tenants name usually makes them more responsible with things and they won't be running the heat at 78* in the winter, likewise the AC at 66* in the summer and more costly bills are avoided (just examples of being wasteful on your dime)- however some investors (especially in areas where the winters get very cold) wouldn't prefer to do this as an unpaid bill in the winter may result in frozen pipes and will spilt or keep utilities in their name to avoid more costly repairsI personally would put all of the utilities in the tenant's name and just make sure I was screening my tenants well ahead of time.

I have invested out of state, bought properties at market prices, and have break-even cash flow, still increased my equity (thus net worth) by 24 folds.

I just want to add that depending on what your situation is (if you are trying to avoid an immediate vacancy) on MTMs I have done two-fold increases lately. 

For move in fees, we only accept cash in person. ie, folding green stuff.

I'm trying to find a good script and maybe even a tri-fold brochure to leave behind after talking to folks about loaning, investing, or even getting into a JV. 

I am not in the industry, but the intent behind the rule is probably two fold.