Vacancy: 3 weeks every 2 years + utilities Make ready expenses: from $1000 to $5000 depending on house needs  

What are the expenses (taxes, who pays utilities, etc)?

I am a fan of utilizing equity in existing real estate owned to build the rental portfolio though at the beginning, rather than just relying on money saved alone.  

I’m trying to utilize 1% rule and it’s tough with current market 

A HELOC will not allow you to deduct I believe on the interest unless the money is utilized for repairs on your primary residence and not to buy another home. 

Tim, in lieu of a damage deposit, have you utilized A deposit insurance such as Rhino? 

Then moved out and we're sharing another house hack with less than $200 out of pocket monthly for utilities and internet while using 3 bedrooms and a bonus room for ourselves.

I appreciate the input Danielle ...I see some of these virtual mailbox companies have an app and you can see what mail has been received on the app, while others allow mail forwarding ... are you utilizing any of this or just using the physical address for your LLC paperwork to be delivered?   

Validate planning zoning requirements and access to utilities.

What are the average utility costs, and who typically pays them (tenant/owner)?