Period.I will engage with those looking to advance discussions on bettering wraps for all and not discuss the esoteric people's money ethical concerns of fictitious harms to billion dollar companies - sorry -- just being real here for a bit.Thanks to all -- but I prefer to discuss an improvement to an industry vs the fictional worries of those trying to invent wrongdoings to lenders.Thanks much to all AlanSo due to a couple of in your face sub2  gurus and the potential of newbie investors muddying in the water the attitude has been in the past and is now anti-Sub2 to the most part on bigger Pockets. 

Tree clearing, grubbing, moving dirt for cut/fill operations, storm water, power, gas, water, fire access etc. not a small task but doable.  

You may not like the space so it may be better to put your foot in the water first.

It was near midnight so I turn the water off so I can talk to him in the morning.

Note: the $1423 amount includes owner paying for electric, gas & water.

Capital expenses (a new roof, HVAC, etc), maintenance (clogged drain, water leak, etc), and for vacancy. 

Water the heck out of it, when it stops raining. 

The wholesaler and seller represented this duplex as having two separate water meters and two separate gas meters.

Then there isn't a middle person mudding the water.

Don't worry too much about how much the water bill is going to be exactly; if the bank is willing to finance your deal, you'll be good.