Not sure your laws, but you can buy a very accurate water meter for under $200 and installs quickly.

@Joel Owens advice is accurate. 

Please keep in mind, this is not an exhaustive list of possible legal repercussions of your proposed business model, nor is it necessarily an accurate reflection of how strict your local enforcement agents are.

I have spent at least 80 hours on the phone with them and my PM trying to get accurate reporting.  

Unfortunately, you need Accurate numbers for the HOA up front.

@Jon N.First - You should report an accurate return.

If it fell into what I expected them I would dig deeper to get a more accurate picture of what the expenses actually are.Of course this is without debt service of any kind.

@Devon Martin as @Matthew Paul accurately said, you need to have a licensed general contractor to do the work if you are going to go the FHA 203k route.

Hello Sir To My Knowledge Everything Looks Accurate. #5 and #9 Would Be Similar But A Great Way About Getting The Title Search Handled And Processed.

It does OK in some areas but it isn't very accurate in others.