Other than outstanding taxes, and utilities, I don't need to worry about anything else.

ABC kept the first two and half months of rent from the rental guarantee for tenant placement fees and utilities (water, electric).

I needed to do a minor variance, which wasn't as bad as I thought it'd be and my architect did most of the heavy lifting.

For example it does not consider who pay the utilities, obviously if the LL pays all the utilities, the net is lower. 

But usually for a tenant occupied it's like $90-120 per monthI've noticed a lot of multi-family buildings are pre-WWII housing inventory - are there restrictions or issues common with that (historic districts, crazy high utility costs, etc)?

The “work around” in those states requiring licensure is usually to utilize an incensed mortgage broker in that state as originator/broker while you’re the lender.

We currently have 23 single-family homes in the KC metro (120 bedrooms) utilizing this model and while its never boring - I really enjoy it and it's definitely a favorite way to invest in real estate to date.Have a few tips and tricks we've learned - send me a message if you have any questions.

Hi Gavin,This is fairly common, and it’s great that you’re thinking ahead about how to handle utilities responsibly.

Plus for its high cash flow potential, utilizing a 1031 exchange to reinvest gains effectively made this experiment a relatively low risk for me.

The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.