well this is pretty standard for todays day and age syndicated multi family deal.I think the only issue maybe the refi is not as appealing in a few years with higher rates.. however as stated pretty common set up and common terms. 

Utilities are paid for by the tenants.

I live in an area where wood stoves, pellet stoves, and fireplaces are pretty common so most people understand how to use and maintain them.

Then I was told that it is common practice.

I think it would be a great opportunity to share knowledge and meet people with common interests in RE investing/landlording/financing/etc. 

@Joshua Von Schlutter this is a very common question and they both have their pros and cons to them.Line of CreditTwo of the common areas of concern for LOCs I see out there is the 10 year maturity date and the adjustable rate.

I’ve gotten a few different responses the most common being that it’s nearly impossible to get started with now track record or money to invest.

Very common, everyday product.

Are there any utilities or road leading to it/ etc.THX

Also, there will be some tax savings by utilizing a loan that you might be overlooking.