My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

Hi @Dylan Fraembs, welcome to the community!

That makes me even more suspect but that is just me.

Pretty easy to make 2% or more when you're spending that kind of money.

They don’t make sense visually.  

You still in the area?

Go for what you need to make it work for you.Go get um.You never know what commission the seller's agent will get. 

@John Reagan Johnson hope you don't mind a PMC answering, but most of our clients hire us because:1) They live out of state and don't have time & expertise to remote manage2) They don't have the time to manage3) They don't feel they have the necessary expertise and/or don't want to risk learning as they go and making an expensive mistake.Go read Kiosaki's Cash Flow Quadrant book.

But…he can make the buyer regret it if he doesn’t plan to move it.

You'll probably want to quitclaim it into the LLC.