@Matthew PlatonWould you be able to split the utility bill, and have the tenant pay for their unit?

I was overconfident after successfully doing numerous value add rehabs when this spring we took on a rehab of a little unit that was listed as built in 1901 (I believe it was really built in 1920s and 1901 was used because they did not know when it was built).  

If yes, it's great they are separated for billing, but also, what are you going to do when they all break?

I didnt see my tax bill showing a line item.

As you mention, this has been priced into the markets for some time, and the reality is those who buy MBS's and invest in mortgages compete against the 10 year treasury bill.

Doing both flips and BRRRRs, if possible, would prevent you from locking up too much liquidity into a deal or numerous deals, thus allowing you to continue to scale.

Scattered across their floors and countertops are the evidence of their hurried departures: half-packed bags and unwashed laundry, children’s toys and textbooks, bills and paperwork, canned food and loaves of bread, pet cages and, in some cases, the pets themselves.

We found a $4k+ past due bill from current tenant, but in owner's name.

Because people cannot pay the bills on the land and it generates nothing, so that is what they walk away from.

However, the Most alarming thing is they have allowed the water bill (they pay for all utilities, but the city bills the water to me) to mount over $2k over the last several months.