Two units are sharing electrical circuit and panel, water heater, etc.

I am thinking of penalties in two ways but feel there could be many more:Late payment penalties during the term of the loan, perhaps 10% or flat $ amount based on loan.Penalties when the loan is extended beyond term.

Hello All, My name is Randall Owens and I am looking for serious help in regards to a  2 flat building with a unfinished basement that I plan on converting to a 3rd unit in Chicago.

I am rehabbing a 2-flat on the south side near 'the bush' and plan to be completed within the next 90 days.

Also had to replace the breaker panel.

@Joshua Hively No I have been flat out since December.

In that case you would pay the water bill and then bill your tenant each month or include a flat cost each month to cover the bill.  4.

Many times lenders have special programs for owner occupied buildings (some lenders have thresholds that if the property generates 51% of its income from the owner --- others that the owner has 51% of the square footage) - again, depends on the bank, but generally speaking owner occupied refi's tend to get better rates/terms than a flat out commercial rental. 

Hello BiggerPockets family,We are flipping this house and we have a flat roof and there is a leak.Does anyone can recommend anyone.

It would be good to know if the roof type is a screw down or standing seam type panel.