It's "underwriter discretion" on that one, and "underwriter discretion" is a bad place to be, since you as the borrower have zero control over if the underwriter's milk went bad ruining her breakfast that day, and you (presumably) don't want a half million dollar real estate transaction dependent on the expiration date on a $4 carton of milk.This is part of why CPAs and mortgage lenders are constantly at odds with each other, since great advice from a CPA focused on saving you tax dollars is often simultaneously horrible advice if you're goal is to buy a house next year and don't plan to pay cash.

If there's enough equity for a decent BRRRR, and it's a solid property, I think it's more reason for someone to come back again with their recycled capital.

@Michinori Kaneko - The primary purpose of the BRRRR strategy is to recycle your capital continually into more deals and create infinite returns on your initial investment. 

I actually like it when some of the old stuff gets recycled because there is a lot of good content in there that I wouldn't have seen otherwise.

For the non-variable utilities/telcom - those with a fixed cost that is not based on usage (garbage/recycling, yard debris, wifi) keep those factored into the set rent.

Milk expired on April 8.

If they can do it for cows....http://www.theatlantic.com/technology/archive/2012/05/the-perfect-milk-machine-how-big-data-transformed-the-dairy-industry/256423/

In Alabama, I started with one property and they tried to milk me dry so I started making demands.

@Katrina BledsoeThe reason many investors focus on BRRRR is because of the ability to "recycle" your investment dollars.I purchased my first property with 15% down in SE Michigan.

Love the ability to reuse and recycle versus landfill!