It's been covered extensively. 

I plan to put a $600 utility cap in the lease.

Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more. 

Where did you take into account the landlord paid utilities?

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.

Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

For Los Angeles County residents affected by the wildfires, this could mean an extension of deadlines for filing returns and paying taxes.

Are there any strategies here to utilize bank funds for our project?

We were looking in the Smokey’s and in Florida but we might just shift to our hometown and house back it with the ADU unit utilized for STR. 

Has anyone utilized the 100 percent financed Multi-family Acquisition Program?