It will show the rent amounts, who pays utilities and expenses they know annually.

Consider cleaning, lawn care, snow removal and supplies as well as utilities  in your calculations.  

@Jason Tucker  you need to add in your utilities, common area cleaning, and turnover costs to determine if it makes sense. 

Most states allow you to hire your own adjustor to come up with your own damage amount and then argue with the insurance company about.The insurance company will want to see the signed lease, proof of funds the tenant paid and confirmation the utilities were on and preferably in the tenant's name.

So all in all, the investment seems solid to me, and this is not my first rodeo, as they say.As for the risks associated with the SBLOC, I minimize those by only utilizing a portion of the LOC so that even if the market drops another, lets say 30%, the risk of margin call is slim.

How are the utilities billed?

Title report, confirm utilities and zoning etc. 

One of the methods I plan to utilize is to list the space on craigslist.

We utilized Partner Driven's proven funding model, leveraging our capital resources to close the deal with cash.

Better hope paint,carpet,advertising, commissions, and utilities don’t cost $600 or you blew your cash flow, it’s zero.