I'm a very new investor currently in a hot market hoping for some experienced advice on my first deal.

I always say, a great property in a hot market can still be a bad investment if the people you trust to manage it drop the ball.

For the gas utilities, assuming the mechanicals are in the basement, it's pretty easy to re-plumb heat and hot water appliances from the third floor meter to the second.

You will have to report your income along with your dad's and this will increase the amount of rent your household pays.  

@Stephen WoodThe Phoenix market is very hot.  

Our rental market is HOT, with escalating prices.

Here is some background information: I purchased my first property in 2010, a three-level townhouse in Sterling VA (Northern Virginia, so pretty hot real estate market), close to a community college, plus there are quite a few government contractors and IT companies in the area.

As you know, Seattle real estate is hot and looking to buy a duplex house in Bellevue, Redmond, Kirkland or Bothell for around 2400 Sft.

This is a hot market in most places.

-Smokers welcome, but any stains on paint that need painted over come out of the security deposit.Tenant screening requirements-Landlord references required-At least 1800/month in verifiable household income.-90 days work history required.