If the Multi-Fam does not have individual utility-meters for all units, then you have to figure out what to do or it can potentially eat away at your cash flow.  99% of Single Family homes do not have this problem.These are just a few pros and cons. 

But many of our clients utilize our DSCR loans to purchase and re-finance long-term rentals (LTR) and we have to loan to an entity because it is a commercial loan per se, so that wouldn't be problem for us. 

Utilizing the same approach can can assist with for-sale housing as well where you can decrease DOM and move your inventory quicker, thus saving on carrying costs.

I am interested in building my wealth and need a great agent with amazing resources that can help me get the ball rolling. 

How many lots, public or private utilities and who pays utilities?

Some examples are;-County website for actual prop tax bills-Tenant estoppels-Actual utility bills-Bank statements and tax records-Verify insurance premiums with your carrierSome say "Trust, but verify," I say "Trust that someone selling you something will only show you what you want to see.......So verify."

This is a single family home and was originally a primary residence before turning it into an long-term rental.Some strategies I'm considering to grow my portfolio are using a HELOC/1039 tax exchange to purchase a second investment property/multi-family property or refinancing my current investment property into a conventional loan to utilize another FHA loan for a primary residence (with the idea of eventually turning that into another long-term rental).I currently have a 7% interest rate, and am considering refinancing in the coming months if/when the rates drop.

Check out BiggerPockets Agent Finder that can help https://www.biggerpockets.com/business/finder/agents2) Utilize something like AirDNA.co to see their data for different areas you may be interested in.3) A simple way is to look at Airbnb and see if there are places listed in the complex you are looking in.

I have turned 8% ROI into 18% ROI by utilizing wrap around financing when selling, as an example.  

There is a high cost to renovating a non-restaurant space into a kitchen, especially if you need everything like grills, hood vents, walk-in coolers and grease traps in floors, not to mention the utilities to service all of the above.