David Jacksone made another good point, just because you can invision someone paying your for information doesn't make it a marketable enterprise, they can call property managers and tenants usually don't see that as costing them anything.

When you purchase a property, you purchase all components as a whole (Revenue Ruling 66-111, 1966-1 C.B. 46 (subsequently modified by Revenue Ruling 73-410, 1973-2 C.B. 53)).

The only downside is that someone (you) would have to check them monthly and on a regular basis to calculate usage and then reconcile that against the master meter bill, then subsequently print a statement with rent + water for the tenant to settle up each month.Good luck!

I am a software developer by profession and most of my real estate investment fund comes from creating enterprise and web applications for well known companies as a consultant. 

I'll see how much they bark on subsequent visits.

The reason I'm asking these questions is that if you are a sole member LLC, I could see an enterprising debt collection firm attempting to challenge you in court depending on a number of facts related to your father.

New hard wired smoke/CO detectors (as per code) were installed & inspected prior to the home being rented.The tenant subsequently removed them & there was a fire.

If it's a business enterprise you'll likely have a problem with zoning.

I have subsequently bought others elsewhere, but none went as smoothly as it did with his outfit.

The lender would include net rental cash flow as part of the income qualification for each subsequent loan to build the portfolio.My questions are:  is this standard practice?