It may be easier to include utilities in the rent.

To me that is negative cash-flow, because I include hard and soft expenses. 

These documents include your operating agreement/ corporate bylaws, articles of organization, certificate of standing, and the EIN letter. 

With $150K, I could easily put together a portfolio of 6 rent properties from deals I see every week, including last week.Just get started.

I would thank him for his feedback and share that you made a business decision that is mutually beneficial (https://www.avail.co/education/articles/should-you-collect-r...scroll down towards the bottom of the page to see the comparison) which includes providing the tenant with a receipt and rent reminders.  

It's important to note that you cannot include your primary residence in a 1031 exchange, as it must be held for personal use rather than investment or business purposes.However, your primary residence may qualify for the Section 121 tax exclusion if you've lived there for at least 2 of the last 5 years.

Worth is the DFW Real Estate Investors Club...normally 2-3 hours including breakfast. 

That way, there is some type of cushion to help against any high usage months, should they just happen to use more than your previous tenants did, or if you unfortunately get tenants who abuse the "utilities included" opportunity. 

The risk is not including due diligence caveats in your offer, like inspections.   

It should be included in the monthly management fee.