Its a win for the tenants only paying for utilities that they actually use, and a win for you as owner reducing your expenses, & eliminating your risk of utility cost increases. 

I would think it'd be pretty simple to calculate his actual rent income based on the properties current conditions and explain that at best, the tenants in place stay for years to come, he continues doing the bare minimum, and his highest predicted income is x dollars, barring any emergency spending to keep the tenants happy.

From their website:      Maryland 10% to 14%Actually Maryland is 8%  up to 20%.

Hey @Nicholas R Foster - I actually agree with @Tramaine Robinson that renaissance talks about it alot on IG. 

Full budget v actuals for last 12+ monthsFull outline of various options and projected outcomes for eachIf the GP has already contributed capital to the deal, how much, and where it falls relative to LP equity (both initial and any current calls)And, while it isn't required, the right thing to do would be to hold a live conference call with investors, allowing for full q&a time. 

I can't talk to family or friends because everyone around me thinks i am doing better than i am actually doing (or should be doing).

I want to house-hack a duplex but I am not ready to actually move out of my parent's house because of sick family members.

You could research and try to take advantage of he STR tax “loophole” but you’re simply accelerating your depreciation deduction not actually reducing your taxes. 

@Bill Brandt actually the house has gone up in value significantly since we bought it, we have a ton of equity that could be pulled tax free via sale, however we also have a 3.25% mortgage on the house and it could work well as a MTR or LTR as well.

I'm actually excited about the prospect of finally owning some rentals, as I've wanted to do it for a long time but I let life get in the way.