To summarize, what I have seen is a possibly poorly conceived investment possibly sold to people who are not sophisticated.  

Here you would collect all the rent, yet be responsible for all the repairs.

. // Differences in Control & Management TIC: All owners collectively manage the property, often requiring group decisions on maintenance and sales.

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. 

I collect both a security deposit and purchase a damage protection waiver.

I have a HOA who is attempting to collect HOA fees for the period when the prior owner owned it.

Hello everyone,I'm interested in learning more about NYC foreclosure auctions, and I was hoping to tap into the collective knowledge here.

My question is: On new loans-how can we collect from each investor a small fee for our monthly services. 

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

They would owe you for 8 days rent in Feb (8/28) x $1,000 = $285.71 (assuming the funds collected was $500) so you would return the balance to them $214.29.