I'm a local Houston realtor and developer so feel free to reach out with any specific questions or if you would like to go check out some of these areas when you are in town. - Chris Kersey  @ckerseyrealestate

Does that mean the $2362.42 paper check is on its way and I don't need to take action? 

Every market is different but check your areas electrical rate history.

In terms of reading materials I would recommend checking out Buy, Rehab, Rent, Refinance, Repeat by David Greene and The Book on Estimating Rehab Costs by J Scott.

I would recommend checking out The Complete Guide to Multifamily Real Estate Investing from Break Into CRE Academy.

@Tricia Heagle Check the zoning.

This is why it is also important to have a PM and indemnities against gross negligence because if they never visit the property etc. to check on condition or follow the terms of the agreement, then that is not something you would want to defend.

It’s giving the advice of setting up multiple accounts for different purposes, and my question is, what banks do you currently bank with that allows you to open up multiple checking/savings account for one entity?

Question -- Even if the loans are still in the seller's name and I'm just writing checks to the bank each month that would still be be liable for UDFI tax?  

Make sure to follow their inspection list, the inspector checked everything on that list, testing every single plug in my property, turn on every appliance, hot water.. very thorough.