@Jon Arsenault This seems to be a common occurrence with them, and any type of credit card payment.

I get that it's common sense...but I'd also assume these violations are attached and addressed to you the owner no the tenant.

But for bills included, doesn't that incentivize the tenants to over-consume utilities?

Because your closing costs are going to be much higher than $2,000 unless you are utilizing the seller assist.

You’ll need to sell some food, sandwiches, muffins, etc  too I would think....coolers, display cases/coolers, dishes, dishwashers, supplies, costs for labor, rent, utilities, insurance, licenses, permits, inspections, etc, etc.

If I may, since you are all about apparently accepting when someone has a point, let me ask you, out of all the people who wrote in this thread, I had unpleasant interactions with 3, and wrote the others in a neutral way or with thanks to them for their help, and the 3 I had issues with were objectively not being helpful, and as far as I am concerned were actually going out of their way to create controversy, something commonly seen on message boards.

One of the most common pieces of advice for newbs that I’ve seen on BP is that the best way to start is to gather info/knowledge from others in the industry, and that is EXACTLY what I plan on doing.I have 10 years of entreprenurial experience, and I’m stoked to utilize and apply my skills to the REI world.

@Tony @Tony F.A TIC (tenancy in common) is where you own a fractional percentage of the property and share in the profits and losses in accordance with your ownership %.  

@Marjeanne FieldsThanks for inputI have flipped 35 single family houses so I have a clear understanding as far as rehab costsI put number higher due to common areas that need updating which will cost me 60-10k so I just divided that cost by 32 and added to each unitIt’s literally next door to a great hospital and 1 min from train station in a very good areaMy gut says stay away - there isn’t currently enough cash flow to allow fixing up units.I know hat buyer wants to unload He got to big to fast and doesn’t have time to deal with this.

I am thinking of purchasing a $25k lot that i can fit for sure a small 4plex on in a city that is surrounded by heavy industrial plantsMy plan is building a 4 plex with 1 room, 1 restroom, small living room, tiny kitchen, and tiny utility room roughly 775 sqft a pieceI know for a fact i can get contractors in here rented out paid water and trash @ 950$ a month (possibly more if weekly and if i do all utilities)Why should i  OR should i not pull triggerRoughly 25k for lot + 200-250k to build  = a 225-275k loan @ 15 years @ 5.59% 275k loan 25% down1695 note paymentLets say 400 taxes 400 insurance (over estimating)2540 payment - 3800 rent = 1260 cash flow minus water and trash Basiclly 200-250 a door @ 15 years (trying to build equity fast)Im doing 15 years cuz i know i can walk in to my favorite bank and they’ll Loan this out to me fast basicly pre approvedNever done this before but already getting bids on contractors and this is what they told me roughly building cost wise (im more experienced in SFR’s)