I understand the cost of having to separate meters and purchasing additional water heaters and such will be hefty.

It’s crucial to communicate with your lender before making any moves.Future Property Acquisitions: When you acquire additional rental properties, consider purchasing them directly under the LLC.

Wanted to know if it's possible to send a tenant to collections after a move out/ evictions for additional charges the security deposit didn't cover.

@Roger D Jones thank you for the additional commentary.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

PadSplit is a way to drastically change the cash flow of a property, even if you do not modify the home with additional bedrooms.

Great addition to the list.

Purchase a property with loan from your dad, issue 2nd lien mortgage on same property, use this created note as down payment on owner financed additional property purchase2.

**Request Additional References**: Ask for references from previous landlords (if available) and personal or professional contacts.

Give that as additional security.