Also, we plan to make the farmhouse and growing building/s nearly net zero, which will lower cost of utilities to zero.

They utilize our expertise, best practices, experience, and our network of professionals.

If that's the case, the easy answer for "next time" is make sure you have a LL account with your utility provider, which will turn the power over into your name if the tenant disconnects from their name. 

And they will look at things like mortgages, insurance policies, bank accounts, personal social media posts that may talk about the house, utility bills, leases signed by you personally, etc in an attempt to pierce the corporate veil.  

The HOA fees are often $1000+ per month, but if that covers all utilities and insurance (common with many buildings) these can still pencil out. 

Here are a few I can think of:Make sure you have right of entry and inspections No other occupantsNo pets unless discussedmust keep on utilities at all timesmust change A/c filter monthly unless you are doing soMake sure you have a late fee policyNo additions or alterations to the propertyMust maintain renters insurance

YOU FAILED TO PROTECT YOU - YOUR OWN SELF-PROTECTIVE RESPONSIBILITY - PROTECTION OF YOUR INVESTMENT - and Protection of your own earnest monies utilized. 

Shawn - I would suggest you develop a pro forma based on the stabilized state of the property to understand if it cash flows once all units are occupied being sure to include all reasonable revenue assumptions (rents, vacancy factor, etc..) as well as expenses (debt payments, maintenance, utilities, property management, taxes, insurance, turnover costs, etc..)

By utilizing our capital, we facilitated a rapid turnaround, enabling a same-day sale for $50,000 in collaboration with our partner, Seth Choate.

While I am grateful for the benefit we’ve already seen from real estate investing, I am wanting to scale faster and I believe utilizing our untapped equity is a good starting point.