My father is looking into doing this in a cabin they recently purchased but was asking me about the quality/validity of using this company rather than purchasing new to update the bathroom. 

If the property is in need of work - (Its dirty, smelly, needs new flooring and a new bathroom) is a CO even possible? 

You can typically find better deals on older structures and still get decent rent for them. 

You should also check with your Attorney on what might have to be done to comply with ADA (Americans with Disability Act) to determine if you have to upgrade any of the entrances, bathrooms, etc.On your question on the water use, if you get records going back to when there was a daycare operating they may show the difference in average water use before and then after the daycare closed.-

What I’d like to do is structure a deal where they cut me a deal on it and maintain partial ownership.

Overnight the ceiling in the main floor bathroom of our four plex collapsed due to a water leak.

Overnight the ceiling in the main floor bathroom of our four plex collapsed due to a water leak.

Hi Everyone, This summer I'd like to buy a single family home in Jacksonville with at least 3 bedrooms and 1.5 bathrooms that are under $100k.

Overnight the ceiling in the main floor bathroom of our four plex collapsed due to a water leak.

What I’d like to do is structure a deal where they cut me a deal on it and maintain partial ownership.