Does the lease not limit your payment on the utility? 

Cash invested: $65,000 Limited Partner in the Regatta Apartments Syndication.

I prefer the areas just outside the city limits where regulation is minimal and prices are significantly less.   

By doing so, this unlocks the door for having a cost segregation study performed on your property.

If the market slows down even just a little...catches a tiny little cold...you will lose all your money and the lender will likely take a loss also.I ran a distressed debt fund for 5 years, DO Income Fund, and we had hard limits when buying distressed debt.

I have studied long term multifamily the most, so I try to stick with that.

Acclimating for at least the manufacturer's recommended time period, temperature and humidity prior to installation is key, as well as keeping the subfloor at the recommended temperature during install and after, sanding down any high spots/leveling the subfloor as much as possible (less than 1/8 in. over. few feet is ideal), leaving a 1/4" gap against the walls for expansion, and limiting the number of heavy objects placed on the floor in one area can help reduce gaps forming after install.

Mt funds are limited.  7K is needed for my first long term rental.

I have the reserves to weather defaults and my team knows their portfolio level numbers, so it's just a matter of getting note investors and lenders on board.15 years payments and 50% LTV are the limits we're seeing for each individual method by the way.

. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.