(Excluding utilities which I will split w my roommate).Bringing my yearly cash flow to negative 853 dollars per year.Now this is for the first 2 yearsBut after, I plan on refinancing, (any advice on this again would be great), moving out and renting that unit for 650.Adding expenses such as 10% for PM, upping the maintenance to 1,100,Bringing my yearly income to 3,831 per year.Thoughts?

Also, on Multi-family utilities are often broken down differently.

Utilities can vary tremendously.

@Jamiel Strickland I started looking into that as an option as well, but was told that it wouldn’t be the best idea being that I am going to be a first time home buyer— also I am very restricted to how much I am approved for due to my DTI ration (student loans)... so I thought utilizing this rehab loan would allow for me to purchase a property less than 100k and rehab it — to still be able to live in a nice home, for a cheaper price.

Each of these entities accomplishes completely different goals.While I do utilize the C-Corp for its tax implications, I generally use the Series LLC for most of my investments.

My rent is 650 a month, utilities and other living expenses were totaling 435 on average.Do the math and that left me $15 a month to pay off those debts!           

She has already initiated processes to transition utilities, services, etc over. 

3) What leasing agreement do you utilize?

The best case scenario rents are $2200 at full capacity with everyone paying (rare), the mortgage is $1400, utilities run roughly $500, and property management takes 8% of what is collected (a good rate).

Hey BP,I am a little hesitant pursueing this park due to it being on private utilities.