:Initial investment:€3,000.00 – Rental contract, First, Last, Security Deposit€3,056.68 – Furnishings/Consumables€1,308.03 – Taxes/LegalTOTAL – €7364.71 Average Monthly Gross: TOTAL – €1820.33Average Monthly Operating Expenses:€127.25 – Utilities€191.10 – Taxes, Maintenance, CapEx€289.15 – Management€1000.00 – Rent (*See Master Lease Strategy) TOTAL - €1,607.50Average Monthly Cash Flow - €212.83Est. months to break-even - 35 monthsObviously, there are a lot more details (challenges, wins, etc.) to this story.

There are multiple ways to utilize equity without paying taxes, such as cash-out refinances, HELOCs, and 1031 exchanges, making appreciation a powerful wealth-building tool.Many people lump all of California into one bucket, but it’s a massive state with many distinct markets.

Are there investors here in Texas that have utilized and would recommend banks they hold series LLC accounts with? 

It's cool to know how to use tools to a do analysis but it has to be utilized properly.I have seen several flippers who have read Rich Dad Poor Dad; had every Performa, chart, analysis package, market analysis reports, cost benefit analysis, work break down structures, IMS and much more and botched every project. 

Probably will never be utilities there like electric or water. 

How are the utilities billed?

Better hope paint,carpet,advertising, commissions, and utilities don’t cost $600 or you blew your cash flow, it’s zero.

Be sure to take high-quality photos, and if possible, request utility records that confirm separate billing for four units.

The question behind the question is that I'm trying to figure out how to communicate with property owners that have under-utilized assets.

Very common for most of today's gurus to utilize these types of subterranean creatures.