Also, I have to pay for normal utilities that he would normally cover for another tenant like water and sewer which also reduced the monthly rent.

Utilizing my data to provide me with the best odds of reaching a potential seller is only half of the equation.

All the things associated with running and maintaining a rental are the responsibility of the property manager, i.e. maintenance, placing tenants, collecting rents, paying utilities.

Aside from multiple ongoing code violations, neighbor complaints and damages, they moved in extra people/pets, tried to scam the utilities, stopped paying rent and ultimately had to be evicted. 

I recently bought two fourplexes, and previously all utilities were paid by the owner.

@Reinaldo LopezCash out refinancing on an investment property to purchase more real estate is a great way to utilize your equity to make more money.

I live with my boyfriend and do not pay rent or utilities for the last 3 years .

What are your mortgage, taxes, insurance, management fee, utility and maint costs?

I am trying to find a way to best utilize this option without using my personal capital to purchase 4 properties over the next 6 months.

Learn how to utilize a LOC to pay your current mortgage down over the next couple of years in order to gain equity in your current home.