Supply and demand.

If you are only able to generate a 3% return then you should pay off your loan 1st.It's all about using the limited supply of capital you have in the most effective way.

-Supply will probably always be there:  Unlike a business, you don't have to worry about the University shutting down.

If they are crossed it could cause *some* electrical problems.Laptop power supplies in particular are very tolerant of a wide range of voltages, often rated for 100-240v or more.

With all the news about lead in public water supplies, is anyone else concerned it may soon become the landlord's problem to deal with?

Even if OPEC decides today to scale back production it would take many months for the existing supply glut to rebalance and another 6 months to restart the wells and find the necessary personnel to oversee them bare minimum.Lot rents are going to go down more before they come back up, and playing a timing game can make or break you.  

I came across the SimplyCash Business Card from Amex, which among other benefits gives you 5% cash back at office stores and no annual fee.The cool thing about the office store discount is that you can use it to buy gift cards from vendors such as Home Depot, Lowes and Amazon -- my usual goto places for supplies to maintain the property and capex.

Issues:- Foundation issues as I mentioned before- Downspouts are lacking extensions- The water heater is older (around 17 years) and may be past its prime- The electrical panel cover is missing some screws- There are a couple outlets not secured to the walls correctly- There are missing GFCI outlets in the kitchen and bath- There is no insulation on the water pipes- There are not smoke detectors and CO2 detectors in all areas that they should be (it's recommended to have one in each bedroom and one on each floor which includes the basement)- The attic space could use some additional insulation- There are a few corner pieces of siding missing on the exterior- The grading around the home could use some adjustment- The gate part of the fence needs to be re-adjusted for alignment- The wood on the garage needs to be re-paintedIt looks like a lot, but most everything is small (other than the foundation and grading).  

Anyway, I wanted to know if I could use a partner who would live in the property to qualify for an FHA loan, and then I would supply the down payment of 3%.

Breaking that up typically mean separate electric meters, disconnects, panel for each unit as well as a common meter for landscape lights, walkway lights, fire and smoke alarms, common laundry, pumps etc...in addition to the rewiring that is necessary to break it up on the inside.