Electric: is the easiest to split, but may require holes cut in walls to separate the units.Gas: gas lines aren't as flexible as wires, but it can usually be done affordably.Water: most cities will NOT install additional water meters on a property.

I have three properties in AR now, and as of about four months ago, two of them were vacant despite having two-year contracts on the properties.

Hell, i've seen attorneys volley contracts back and fourth with each other for months on end arguing things like the meaning of the word "the" in "the contract".....All while racking up those $500/hour billable hours of course.Case and point, I won't change your outlook on the industry.

I am under contract for another property and am 99% sure I will not use them.

I've got stories that would be hard to believe on some of my seller financing deals, contract on a napkin, personal check for a notarized deed, hand shake deals, etc., etc. and a LOT of fun.

So on bridge loans with rehab you'll see a rate of 11% - 12% because it is a one year loan.Here's how they work soup to nuts:You have an executed purchase contract, your entity docs, your id. 

.- at year 7, can i extend balloon or notNo, unless it's in the contract or the seller agrees to it. 

I really like Jay's idea, on a contract basis. 

I also take my contractor to all first showings to try to find the problems before we go under contract.

.#10 CONTRACT - make sure what you are doing STR is listed in the contract - typically in the addendum section.