@Jason Bradstreet Please provide additional details about the type of property you are seeking.

Part of my still seeking affirmation about my "project", and part of me thinking: "Wow.

@Alvin PereiraAre you seeking an attorney in Florida or IN?

In either scenario you should talk to current owners and renters and confirm if this is something that people are seeking. 

In this position, I think the best course of action is to seek out tenants that can sign annual leases.  

Don't let the tax treatment stop you from making the right decision for you.

Patrick Mueller Hey Patrick I saw your seeking a real estate agent and that you just acquired your first property in Elgin!

However an FHA/VA loan will always be subordinated to a conventional loan due to the extra costs that come with accepting a va/fha loan like possible termite treatment and lender required repairs.

I am leaning away from this option.2) Pay the difference in the electric bills and chalk it up as the cost of doing business.3) Pay the difference in the electric bills up front and seek restitution from the contractor for causing the delay in the process, which resulted in the lengthy term of higher utility billing to the one apartment.4) Provide the tenant with the contractor's contact information and invite them to seek restitution directly.

With the knowledge that I seek to gain through experience, I hope to be able to one day give back to my community and teach others the things that I hope to learn.