Software is a common question on BiggerPockets.

Then tell the tenant they need to work out a payment plan with the utilities so that the water can remain on. 

That's why for deals like this, you will see people utilize bridge loans where they will lend up to 75% LTV and fund capex potentially because the property has problems and they are looking more at the future value and operations.

Obviously the tenant hope of bringing in more occupants (and sharing more common area space/bathrooms as a sacrifice) would be to lower the rental cost per person.  

Ever hang up the phone and think of one more question? Or worry that maybe it's a dumb question? Or maybe it's something that you never even thought about. As bookkeepers for real estate agents, here are a couple of q...

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Enter real estate as a form of an asset.Real estate steps into the factor with two forms of strength: scarcity & utility.

Quote from @Emily Mohr: Software is a common question on BiggerPockets.

Utilities.

As a newbie, it is easy, and common, to head down multiple paths chasing shiny bright objects, with many of those paths just leading to time wasting and increased experience in learning what you don't want to do.