I signed up online for water service, but was denied because apparently I need a master meter, which requires almost as much documentation as purchasing the property itself!

You will need to know any taxes and insurance cost along with any management fees, utilities or lawn care you have to pay while owning, along with taking repairs and vacancies into account.

The holding fees would be Taxes , water , lights , swear & insurance .

In fact, not only will they buy me the house (paying the mortgage) but they can pay for my retirement contribution, purchase me a new car, pay for my annual vacations, my medical insurance, my kids college tuition.

Obviously, they want proof of home owners insurance before we close.

This way if HUD/Sage does not review your closing documents in a timely manner (they may not), you still have at least another 5-7 business days to resubmit the closing docs (yes, your title company will need to resubmit the closing docs), allow time for HUD/Sage to review, and still have time to close within the 45 day window.Please let me know if you have any follow up questions.  

Make sure you know the numbers (taxes, rents, insurance etc.), don't just rely on the selling agents numbers they have on the ad. 

Remember though, of the ten most common reasons agents get sued two are:1. misrepresentation of value2. fraudWorking as an agent you probably have E&O insurance.

I'm sure I'm not the first person to start a rental business after being introduced to biggerpockets.com but my intention going forward is to document my whole experience and how this website has helped me

Realty Tax is about 18k a year insurance $7500 water sewer avg $16k utilities $8-9k.