Come on Collin, your Gatlinburg brotha, at least try to make this hard on me. 

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

My grandfather, along with his twin brother, were home builders who transitioned into building and managing a significant multi-family portfolio, which remains family managed to this day.With my personal family background, as an agent I have largely engaged in the multifamily space working with legacy owners in the sale of their properties - from 6 unit, single building properties to 19+ unit, multi-building properties.

It's a complete roll of the dice when you switch to the smart meter, so this doesn't surprise me....it could go up or down depending on the actual water uage.  

We have couple turnkeys, and couple of BRRRs that we did so far (all are single family residential properties with long-term tenants).We are interested in exploring commercial real estate, and wanted to get all of your help in getting started. 

I actually just wrote about this in my newsletter last week!

This is a great place to learn and to connect with people so take advantage of all the great resources.

@Kyle Knudsen, There's a couple reasons why this wont work unfortunately.1.

Are your thoughts based on experience and research in this area or based on a gut reaction?

I love this and do a similar exercise with our properties.