The main house has a pool, so it adds complexity because of the increased water bill.I have though of two options, one is to make the main house foot the bill, but that will surely cause me issues down the line when they start questioning the use of water and electricity of the other tenants.The second option I thought of is to include all utilities also for the main house, so me footing the entire bill.

Some investors keep a foot in both worlds, using local banks for certain things (like larger loans) and online banks for everyday transactions.

In this approach, the taxpayer calculated that the cost to construct a new building (say, $300 per square foot at 2,000 square feet, totaling $600,000) should be allocated to building and the remaining balance of the acquisition should be allocated to land.Rule of thumb method: Some taxpayers use a predetermined percentage (such as 80/20 percent, 70/30 percent, etc.) for improvements and land.

It sounds like you starting on a much stronger footing than many syndicators were when they got started.  

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.House-hacking your residence is a great way to get your foot in the door of investing.

It’s crucial to start off on the right foot with your taxes.

Now they're at 525 to 550 a square foot for new construction. 

Not qualified for any public/non-profit assistance.Am I able to run traffic to this offer legally?

I wouldn't touch arbitrage with a 10 foot pole unless it was a super unique property and situation with an owner where I saw some longevity and buy in from them. 

Your first partnership should be on equal footing.