All units are currently occupied and each tenant pays their own utilities.

Once you approve them as a tenant, contingent on SEC 8 rent approval, the tenant will give you a package of paperwork to complete that outlines enough info about your unit that will allow the case worker to determine 1) if you are asking a "reasonable" rent and 2) if the rent plus utilities is "affordable" for the tenant based on the tenant's current income.

Sch E is for renting basic rooms, buildings, or apartments and only provide basic services such as utilities.....Schedule E even has 'vacation/short term rental' as a property type on the form.

Also costing more in utilities which I pay.

I have read about the BRRR strategy and I would like to utilize this approach if I can. 

With all the new sports complex's coming into Las Vegas I believe that the new housing will skyrocket by 2020. with the older homes beginning left to go in backlog i.e. staying on the market longer. 

Utilities are in, phase one of the roads, curbs, gutters and water retention has been completed as well.I have received approval from the municipality to build the project as duplexes that will optimize cash flow and raise the number of finished units to approximately 300.I owe 1.25M and need 1.05M to finish the roads, curbs, gutters, and water retention.The first lien(1.25M) is overdue and was intended only as a bridge.The finished value of the subdivision would be 3.4M -4.5M as finished lots, depending on the comparables the appraiser uses.I have also found a lender that will lend to take the first out, but his points are high, it's not hard to get very expensive in points on a loan size like this.I am outside the Phoenix and Tucson markets in a smaller but rapidly growing area.

While there are some strategies you can utilize to tap into your retirement accounts prior to retirement, you must plan for it very carefully.

You'll want to get all the real operating costs from the owner, including pest, lawn care, taxes, insurance (you can get your own quote), maintenance, utilities, management, etc. 

Purchased it for about $115,000 with about $5,000 of my cash. mortgage was about $850 a month plus utilities.