If the units aren't separately metered and there isn't a RUBS in place, then you definitely need multiple years of expenses to make an informed decision.There is really a lot to learn about multifamily, and I would say it's more important to build a strong team than it is to learn every detail.

Everything else like bills and monthly payments are in a separate account.

Splitting to separate meters can cost an arm and a leg if you aren’t careful.

I came to conclusion to make thing better, I will be separating utilities meaning get a new boiler and new water heater for each unit so each tenant can be responsible for their own utilities, it will be costly to get a new boiler and new water heater but I think it will pay off in the long runAny advice on separating utilities, what type of boiler and how big should it be for each unit?

To your first question, we do not want investors to guarantee the loan because we wish to separate outthe operational side  of real estate for our investors.

How would you guys go about making the tenants in a multi-family pay utilities which they all have separate water meters as of right now the recent owner paid all utilities for them. 

This April 15 (or March 15 if a separate business entity) you will owe taxes for 2019.

There were separate entrances, but the downstairs unit was still just an old smelly michigan basement and needed full rehab.What made you interested in investing in this type of deal?

- the property was out of state so I did not have any cash buyers - I only had two weeks before the house went to auction- I found a buyer but her dropped out last minute - In order to find a new buyer I had to go back a negotiate with the seller - The lending company was not helpful with providing documents for pay off- I found out two days from closing that the seller was married but separated.

Two separate issues.