Most of the time, you can purchase a property with tenants already in place, but the leases often need to expire within a certain timeframe—usually around three months—so you can establish owner occupancy.

That means ar 7% interest they should be paying $1166 JUST IN INTEREST.

I estimate high of what the bill would be and put it on their lease, I have not had any issues this way and if the water bill goes up, I will increase on the next lease. 

I do think house hacking and small multifamily are the best plays at the moment. 

Just like a mortgage has

To clarify, I'm not having trouble getting loans for my LLC, I just see posts and hear on the podcasts about people getting "up to 10" conventional mortgages for properties they buy as investments and don't live in.

You can also use the CPA Finder here on BiggerPockets to get started too.

Lots of local investors in the area. 

@Vivian Yip  We just use a very generous utility cap. 

If I remember right and it is the same person he lived either in NC or SC and was moving to Spain for a year or something like that.