That's the only solution when adding meters, panels, or making electrical repairs. 

Currently, the gas supply from meter to house, which is across carport from meter, is a buried steel line.

If low crime area, just turn off the interior water meter valves. 

You could try to ask for a separate meter read and billing perhaps from the water company?

Am I missing something here or is the BS meter is at an all time high? 

The gas meters aren’t separated.

You need to figure out the Net Rent without utilities and factor in you paying for water as most cities only install one water meter per building.

To find competitive pricing, look into the rental prices of nearby multifamily properties that are comparable to yours.Take into account all of the running costs, such as insurance, maintenance, taxes on the property, utilities (if not individually metered), and, if necessary, property management fees.Take into account the principle and interest payments associated with your mortgage.

No squabbling neighbors to deal with, no HOAs, separate utility metering etc.

I have been using meters from a company called True- Submeter for the past 5 years.